Louisbourg Investments Inc. Buys 2,860 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Louisbourg Investments Inc. raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 102.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,647 shares of the specialty retailer’s stock after purchasing an additional 2,860 shares during the period. Louisbourg Investments Inc.’s holdings in Ulta Beauty were worth $2,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter valued at $32,000. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ULTA shares. TD Cowen lifted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. UBS Group upped their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Barclays increased their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. One research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $374.53 on Wednesday. The stock has a market capitalization of $17.37 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.96 and a beta of 1.28. The company’s 50-day simple moving average is $417.04 and its 200-day simple moving average is $386.45. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $5.07 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.