1,437 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Enhancing Capital LLC

Enhancing Capital LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,437 shares of the specialty retailer’s stock, valued at approximately $625,000.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised 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 acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% during the third 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. Edge Capital Group LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the 3rd quarter worth $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. B. Riley lowered their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday. UBS Group boosted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets reduced their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Morgan Stanley lowered their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have given 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 a consensus price target of $427.13.

Ulta Beauty Stock Down 0.1 %

Shares of ULTA opened at $356.99 on Tuesday. The company has a market capitalization of $16.55 billion, a P/E ratio of 14.29, 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. The firm has a 50 day moving average of $383.53 and a 200 day moving average of $386.87.

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

About Ulta Beauty

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.