Savant Capital LLC Has $2.02 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Savant Capital LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 199.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,646 shares of the specialty retailer’s stock after buying an additional 3,095 shares during the quarter. Savant Capital LLC’s holdings in Ulta Beauty were worth $2,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Stiles Financial Services Inc acquired a new stake in Ulta Beauty during the 4th quarter worth about $206,000. Stephens Inc. AR grew its stake in Ulta Beauty by 12.2% during the fourth quarter. Stephens Inc. AR now owns 17,965 shares of the specialty retailer’s stock worth $7,814,000 after purchasing an additional 1,951 shares during the period. Golden State Wealth Management LLC acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $233,000. Prairie Wealth Advisors Inc. bought a new stake in Ulta Beauty in the fourth quarter worth approximately $207,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty in the fourth quarter valued at approximately $43,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $373.12 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a 50-day moving average price of $417.04 and a two-hundred day moving average price of $386.45. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $5.07 earnings per share. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. Oppenheimer upped their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler raised their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.