Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Schear Investment Advisers LLC

Schear Investment Advisers LLC boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,259 shares of the specialty retailer’s stock after buying an additional 136 shares during the quarter. Ulta Beauty makes up approximately 1.0% of Schear Investment Advisers LLC’s portfolio, making the stock its 28th largest holding. Schear Investment Advisers LLC’s holdings in Ulta Beauty were worth $1,852,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the third quarter worth about $359,480,000. Holocene Advisors LP grew its stake in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $73,069,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ULTA shares. DA Davidson boosted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. UBS Group lifted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $374.53 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a market cap of $17.37 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.96 and a beta of 1.28. The stock has a 50-day simple moving average of $417.45 and a 200-day simple moving average of $386.41.

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 the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $5.07 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.