100 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 100 shares of the specialty retailer’s stock, valued at approximately $43,000.

Other large investors also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty in the 3rd quarter worth $32,000. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing 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 worth $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the 3rd quarter valued at approximately $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ULTA shares. BMO Capital Markets upped their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Barclays upped their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group lifted their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $13.90 during midday trading on Monday, hitting $404.33. 424,720 shares of the company traded hands, compared to its average volume of 836,264. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.38 and a beta of 1.28. The firm’s fifty day moving average price is $402.01 and its 200-day moving average price is $384.00.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. 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. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share 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.