Ieq Capital LLC Acquires 5,050 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Ieq Capital LLC increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 383.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,366 shares of the specialty retailer’s stock after purchasing an additional 5,050 shares during the period. Ieq Capital LLC’s holdings in Ulta Beauty were worth $2,769,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ULTA. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty during the third quarter worth $41,000. Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty in the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the fourth quarter valued at $43,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Down 1.4 %

ULTA stock opened at $361.54 on Friday. The business has a 50 day moving average of $408.88 and a 200-day moving average of $386.66. The firm has a market cap of $16.77 billion, a PE ratio of 14.47, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ULTA shares. DA Davidson increased their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.