Buckhead Capital Management LLC Buys 1,633 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Buckhead Capital Management LLC raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,088 shares of the specialty retailer’s stock after purchasing an additional 1,633 shares during the period. Ulta Beauty accounts for approximately 1.7% of Buckhead Capital Management LLC’s holdings, making the stock its 19th biggest position. Buckhead Capital Management LLC’s holdings in Ulta Beauty were worth $5,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the 3rd quarter valued at approximately $359,480,000. Holocene Advisors LP grew its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in Ulta Beauty in the third quarter worth $73,069,000. Finally, Assenagon Asset Management S.A. raised its stake in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after purchasing an additional 90,972 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $360.44 on Friday. The company has a 50 day moving average price of $416.50 and a 200-day moving average price of $386.35. The company has a market capitalization of $16.71 billion, a PE ratio of 14.42, a P/E/G ratio of 0.96 and a beta of 1.28. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $5.07 earnings per share. On average, analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of recent research reports. Bank of America lifted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One equities 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, Ulta Beauty has a consensus rating of “Hold” and an average 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.