F&V Capital Management LLC Raises Position in Ulta Beauty Inc (NASDAQ:ULTA)

F&V Capital Management LLC grew its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 39.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,645 shares of the specialty retailer’s stock after purchasing an additional 462 shares during the quarter. F&V Capital Management LLC’s holdings in Ulta Beauty were worth $368,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank increased its position in Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after buying an additional 10,690 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ulta Beauty in the second quarter valued at $552,000. Parametric Portfolio Associates LLC grew its position in shares of Ulta Beauty by 31.3% in the third quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock valued at $44,823,000 after purchasing an additional 47,253 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Ulta Beauty by 34.8% in the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after purchasing an additional 674 shares in the last quarter. Finally, Biondo Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the second quarter valued at $1,082,000. Institutional investors own 88.72% of the company’s stock.

ULTA has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating on shares of Ulta Beauty in a research note on Friday, September 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Ulta Beauty in a research note on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $260.00 price target on shares of Ulta Beauty in a research note on Sunday, October 1st. Robert W. Baird set a $295.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $270.00 price objective (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average target price of $261.53.

Shares of Ulta Beauty Inc (NASDAQ:ULTA) opened at $237.12 on Wednesday. The company has a market capitalization of $14,630.00, a price-to-earnings ratio of 30.32, a PEG ratio of 1.46 and a beta of 0.55. Ulta Beauty Inc has a 12 month low of $187.96 and a 12 month high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. analysts forecast that Ulta Beauty Inc will post 8.36 EPS for the current year.

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About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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