Keynote Financial Services LLC Purchases 518 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Keynote Financial Services LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,914 shares of the specialty retailer’s stock after buying an additional 518 shares during the period. Keynote Financial Services LLC’s holdings in Ulta Beauty were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ULTA. Farther Finance Advisors LLC increased its holdings in Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the period. Stonegate Investment Group LLC grew its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after purchasing an additional 34 shares during the period. Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after buying an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its stake in Ulta Beauty by 4.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock valued at $374,000 after buying an additional 35 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 0.2 %

Shares of ULTA opened at $366.36 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 14.66, a PEG ratio of 0.89 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 firm has a fifty day simple moving average of $403.04 and a two-hundred day simple moving average of $388.52.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ULTA. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Bank of America upped their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, UBS Group raised 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 research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $459.22.

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.