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

Courant Investment Management LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.8% during the fourth quarter, Holdings Channel reports. The firm owned 26,173 shares of the specialty retailer’s stock after buying an additional 3,173 shares during the quarter. Ulta Beauty comprises 9.6% of Courant Investment Management LLC’s portfolio, making the stock its 6th largest holding. Courant Investment Management LLC’s holdings in Ulta Beauty were worth $11,383,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. grew 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. increased its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty during the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA opened at $418.55 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a fifty day moving average of $406.08 and a two-hundred day moving average of $385.23. The company has a market capitalization of $19.41 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Citigroup lifted their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock 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.