Prestige Wealth Management Group LLC Acquires 34 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Prestige Wealth Management Group LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 121.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62 shares of the specialty retailer’s stock after purchasing an additional 34 shares during the period. Prestige Wealth Management Group LLC’s holdings in Ulta Beauty were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Investment Partners LLC grew its holdings in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 25 shares in the last quarter. Stonegate Investment Group LLC grew its stake in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 34 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in shares of Ulta Beauty by 4.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock worth $374,000 after acquiring an additional 35 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.3 %

Shares of ULTA opened at $370.75 on Wednesday. The firm’s fifty day simple moving average is $376.15 and its two-hundred day simple moving average is $386.59. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The stock has a market capitalization of $17.19 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

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

Analyst Upgrades and Downgrades

ULTA has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Bank of America reduced their price objective on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Citigroup lowered their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Barclays reduced their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler lowered their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $427.13.

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.