Hedeker Wealth LLC Acquires 38 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Hedeker Wealth LLC boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,010 shares of the specialty retailer’s stock after acquiring an additional 38 shares during the period. Hedeker Wealth LLC’s holdings in Ulta Beauty were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $32,000. Sunbelt Securities Inc. boosted 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 buying an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $43,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays raised their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Bank of America increased their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group increased their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Trading Down 2.2 %

Shares of ULTA stock opened at $401.60 on Friday. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company’s 50-day moving average price is $417.52 and its 200-day moving average price is $386.23.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $5.07 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.