Harbor Investment Advisory LLC Acquires 62 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Harbor Investment Advisory LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787 shares of the specialty retailer’s stock after acquiring an additional 62 shares during the period. Harbor Investment Advisory LLC’s holdings in Ulta Beauty were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. boosted 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 purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its stake 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 purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty during the 4th quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the third quarter valued at about $41,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ULTA. Citigroup raised their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays increased their price target on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. UBS Group boosted their target price 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. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Trading Up 4.2 %

Shares of NASDAQ:ULTA opened at $422.16 on Wednesday. The company has a 50 day moving average of $404.52 and a 200 day moving average of $384.77. The stock has a market cap of $19.58 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.97 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 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.07 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal year.

Ulta Beauty Company 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.