Baldwin Wealth Partners LLC MA Grows Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Baldwin Wealth Partners LLC MA raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 256.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,076 shares of the specialty retailer’s stock after purchasing an additional 18,768 shares during the period. Baldwin Wealth Partners LLC MA owned 0.06% of Ulta Beauty worth $11,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Paladin Wealth LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $32,000. Sunbelt Securities Inc. increased its holdings 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 acquiring an additional 45 shares during the period. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% in 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 in the last quarter. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at $41,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.7 %

Shares of NASDAQ:ULTA opened at $420.93 on Monday. The company has a 50-day moving average price of $407.85 and a 200-day moving average price of $385.47. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.00 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 released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.07 EPS. As a group, research 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 ULTA shares. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. TD Cowen upped their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty presently 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.