Avalon Capital Management Acquires New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

Avalon Capital Management bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,572 shares of the specialty retailer’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ULTA. Sunbelt Securities Inc. increased its stake in 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 purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of 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 during the period. Edge Capital Group LLC acquired a new position in Ulta Beauty in the 4th quarter worth $33,000. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $43,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Up 0.6 %

ULTA stock opened at $363.89 on Tuesday. The company’s 50 day moving average is $407.66 and its 200 day moving average is $387.80. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for 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 company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.07 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. TD Cowen upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, DA Davidson increased their price target on Ulta Beauty from $435.00 to $510.00 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 assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus price target of $459.22.

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.