Country Club Bank Acquires Shares of 4,816 Ulta Beauty, Inc. (NASDAQ:ULTA)

Country Club Bank acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,816 shares of the specialty retailer’s stock, valued at approximately $2,097,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its stake in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the fourth quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty in the third quarter worth approximately $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ULTA has been the topic of several research analyst reports. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. UBS Group increased their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $330.00 to $430.00 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 report on Thursday, November 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Up 0.3 %

Shares of ULTA opened at $409.19 on Wednesday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a fifty day moving average price of $415.83 and a 200-day moving average price of $385.93. The firm has a market cap of $18.97 billion, a PE ratio of 16.37, a P/E/G ratio of 0.98 and a beta of 1.28.

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

About Ulta Beauty

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.