Plato Investment Management Ltd Has $751,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Plato Investment Management Ltd increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 658.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,721 shares of the specialty retailer’s stock after acquiring an additional 1,494 shares during the period. Plato Investment Management Ltd’s holdings in Ulta Beauty were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. grew its stake 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 buying an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty in the fourth quarter worth approximately $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the fourth quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, DA Davidson boosted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One equities research 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 1.6 %

Shares of ULTA opened at $343.45 on Wednesday. The stock’s 50-day moving average price is $399.59 and its 200 day moving average price is $388.58. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.07 earnings per share. Equities research analysts expect 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.