Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,345 shares of the specialty retailer’s stock after acquiring an additional 65 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in Ulta Beauty were worth $2,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the 3rd quarter worth $32,000. Sunbelt Securities Inc. lifted 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 purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position 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 purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ULTA shares. Citigroup increased their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Barclays increased their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Stifel Nicolaus lifted their target price on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Finally, William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $401.60 on Friday. The firm’s 50-day moving average is $417.52 and its two-hundred day moving average is $386.23. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market capitalization of $18.62 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced 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. 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 for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.