Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Westside Investment Management Inc.

Westside Investment Management Inc. raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 151.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83 shares of the specialty retailer’s stock after buying an additional 50 shares during the period. Westside Investment Management Inc.’s holdings in Ulta Beauty were worth $32,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares in the last quarter. Innealta Capital LLC purchased a new position in Ulta Beauty in the second quarter valued at approximately $32,000. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth approximately $32,000. Sunbelt Securities Inc. lifted 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 last quarter. Finally, Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ULTA shares. Barclays lifted their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Evercore ISI reduced their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 26th. BMO Capital Markets upped their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Oppenheimer lifted their price target on Ulta Beauty from $435.00 to $505.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, UBS Group increased their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $439.30.

Ulta Beauty Trading Down 1.4 %

NASDAQ ULTA opened at $423.91 on Friday. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.32. The business’s 50 day moving average is $376.51 and its two-hundred day moving average is $377.50. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.07 earnings per share. Equities analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Ulta Beauty Company 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.