Wealth High Governance Capital Ltda Invests $6.74 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wealth High Governance Capital Ltda purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,500 shares of the specialty retailer’s stock, valued at approximately $6,741,000. Ulta Beauty accounts for about 2.4% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds also recently modified their holdings of the company. SPX Gestao de Recursos Ltda acquired a new stake in Ulta Beauty in the 4th quarter valued at approximately $522,000. Daiwa Securities Group Inc. raised its position in shares of Ulta Beauty by 7.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,018 shares of the specialty retailer’s stock valued at $3,052,000 after purchasing an additional 509 shares during the period. Moran Wealth Management LLC raised its position in shares of Ulta Beauty by 4.4% in the fourth quarter. Moran Wealth Management LLC now owns 15,039 shares of the specialty retailer’s stock valued at $6,541,000 after purchasing an additional 633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ulta Beauty by 1.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,531 shares of the specialty retailer’s stock valued at $4,580,000 after purchasing an additional 138 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Ulta Beauty in the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ULTA. Canaccord Genuity Group increased their price objective on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays raised their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. DA Davidson lifted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. UBS Group lifted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Down 3.3 %

Shares of ULTA opened at $342.72 on Wednesday. The stock has a 50-day moving average price of $390.90 and a 200-day moving average price of $387.73. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $15.89 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

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.