Sequoia Financial Advisors LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sequoia Financial Advisors LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,433 shares of the specialty retailer’s stock after buying an additional 414 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ulta Beauty were worth $1,928,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ULTA. Geode Capital Management LLC raised its position in Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in Ulta Beauty in the third quarter valued at approximately $359,480,000. Champlain Investment Partners LLC raised its position in Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares during the period. Amundi raised its position in Ulta Beauty by 19.7% in the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock valued at $186,912,000 after purchasing an additional 74,013 shares during the period. Finally, Holocene Advisors LP raised its position in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research analyst reports. BMO Capital Markets cut their target price on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday. Barclays cut their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday. Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, UBS Group upped their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $431.13.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $357.48 on Friday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $546.58. The company has a market capitalization of $16.58 billion, a PE ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a fifty day moving average of $385.01 and a two-hundred day moving average of $386.69.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. Ulta Beauty’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

About Ulta Beauty

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.