Motco Grows Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Motco boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,734 shares of the specialty retailer’s stock after buying an additional 482 shares during the period. Motco’s holdings in Ulta Beauty were worth $8,583,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fort Sheridan Advisors LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $311,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in Ulta Beauty during the 4th quarter valued at approximately $152,000. QRG Capital Management Inc. raised its position in shares of Ulta Beauty by 2.8% during the fourth quarter. QRG Capital Management Inc. now owns 12,155 shares of the specialty retailer’s stock valued at $5,286,000 after buying an additional 331 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Ulta Beauty in the fourth quarter worth $58,074,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Ulta Beauty by 6.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,587 shares of the specialty retailer’s stock worth $4,605,000 after acquiring an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America lifted their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company increased their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Loop Capital raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, Barclays raised their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

Shares of ULTA opened at $365.78 on Friday. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a 50-day moving average of $404.31 and a 200 day moving average of $387.81.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 earnings per share. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 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.