American Money Management LLC Increases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

American Money Management LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,192 shares of the specialty retailer’s stock after purchasing an additional 221 shares during the period. American Money Management LLC’s holdings in Ulta Beauty were worth $953,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allstate Corp purchased a new position in Ulta Beauty during the fourth quarter valued at $596,000. Brown Brothers Harriman & Co. lifted its position in shares of Ulta Beauty by 213.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 109 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Ulta Beauty by 0.5% in the fourth quarter. DnB Asset Management AS now owns 9,353 shares of the specialty retailer’s stock worth $4,068,000 after acquiring an additional 45 shares during the last quarter. denkapparat Operations GmbH purchased a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $246,000. Finally, Pictet Asset Management Holding SA raised its stake in Ulta Beauty by 8.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 135,375 shares of the specialty retailer’s stock valued at $58,879,000 after purchasing an additional 10,662 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. Finally, TD Cowen lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $359.47 on Friday. The company has a fifty day moving average of $373.67 and a two-hundred day moving average of $386.31. The company has a market capitalization of $16.67 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.