EverSource Wealth Advisors LLC Purchases 147 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

EverSource Wealth Advisors LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 601 shares of the specialty retailer’s stock after purchasing an additional 147 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Ulta Beauty were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% during 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. Edge Capital Group LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $33,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 13.7 %

NASDAQ:ULTA opened at $357.48 on Friday. The firm’s fifty day simple moving average is $385.01 and its 200 day simple moving average is $386.80. The stock has a market cap of $16.58 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $544.36.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm posted $8.08 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ULTA. BMO Capital Markets cut their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research note on Friday. Morgan Stanley cut their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday. Barclays reduced their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group lifted their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Canaccord Genuity Group reduced their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $431.13.

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.