State of Alaska Department of Revenue lifted its position in Ulta Beauty Inc (NASDAQ:ULTA) by 16.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,648 shares of the specialty retailer’s stock after buying an additional 2,988 shares during the period. State of Alaska Department of Revenue’s holdings in Ulta Beauty were worth $5,053,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Rational Advisors LLC grew its holdings in shares of Ulta Beauty by 539.7% in the 3rd quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 313 shares during the last quarter. One Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter worth $112,000. Stratos Wealth Partners LTD. acquired a new position in shares of Ulta Beauty in the 3rd quarter worth $151,000. Harbour Capital Advisors LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter worth $203,000. Finally, D.B. Root & Company LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter worth $208,000. 89.46% of the stock is currently owned by institutional investors.
Shares of ULTA stock opened at $284.11 on Monday. Ulta Beauty Inc has a 1-year low of $191.70 and a 1-year high of $322.49. The firm has a market cap of $16.68 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. Ulta Beauty’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty Inc will post 10.82 EPS for the current fiscal year.
A number of brokerages recently issued reports on ULTA. Zacks Investment Research restated a “buy” rating and issued a $316.00 target price on shares of Ulta Beauty in a report on Saturday, November 17th. BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 15th. Piper Jaffray Companies lifted their target price on Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a report on Monday, November 12th. Jefferies Financial Group set a $335.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, Deutsche Bank set a $300.00 target price on Ulta Beauty and gave the stock a “hold” rating in a report on Friday, November 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $288.84.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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