Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Coerente Capital Management

Coerente Capital Management boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,864 shares of the specialty retailer’s stock after acquiring an additional 5,830 shares during the quarter. Ulta Beauty accounts for 3.0% of Coerente Capital Management’s portfolio, making the stock its 17th largest position. Coerente Capital Management owned about 0.08% of Ulta Beauty worth $16,033,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ULTA. Dana Investment Advisors Inc. increased its position in shares of Ulta Beauty by 9.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 757 shares of the specialty retailer’s stock valued at $292,000 after purchasing an additional 68 shares during the period. Sanctuary Advisors LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth about $1,500,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ulta Beauty during the second quarter valued at about $8,759,000. Anchor Investment Management LLC increased its position in shares of Ulta Beauty by 191.2% in the second quarter. Anchor Investment Management LLC now owns 198 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 130 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Ulta Beauty during the second quarter valued at approximately $367,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 1.5 %

Shares of ULTA stock opened at $412.15 on Friday. The firm’s 50 day moving average is $414.93 and its 200-day moving average is $386.10. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.98 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $5.07 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research analyst reports. Bank of America increased their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company raised their price objective on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. TD Cowen increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.