Cigna Investments Inc. New Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cigna Investments Inc. New purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 493 shares of the specialty retailer’s stock, valued at approximately $214,000.

A number of other large investors have also recently made changes to their positions in the stock. Paladin Wealth LLC purchased a new position in Ulta Beauty in the third quarter worth about $32,000. Sunbelt Securities Inc. lifted its stake in shares of 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 period. Westside Investment Management Inc. boosted its holdings in shares of 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 buying an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty during the fourth quarter valued at approximately $43,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $374.53 on Wednesday. The stock has a 50 day moving average price of $417.45 and a 200-day moving average price of $386.41. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market capitalization of $17.37 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS 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 business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company posted $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson lifted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets upped their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.