Tempus Wealth Planning LLC Has $488,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tempus Wealth Planning LLC boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,123 shares of the specialty retailer’s stock after buying an additional 172 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Ulta Beauty were worth $488,000 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. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $32,000. Sunbelt Securities Inc. grew its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% in 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. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.3 %

NASDAQ ULTA opened at $409.19 on Wednesday. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.98 and a beta of 1.28. The company has a 50 day moving average of $415.83 and a 200-day moving average of $385.93. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler increased their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $430.00 to $500.00 in a research note on Tuesday, January 21st. Oppenheimer increased their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Raymond James reduced their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.22.

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.