Louisbourg Investments Inc. Raises Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Louisbourg Investments Inc. grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 102.6% during the fourth quarter, Holdings Channel reports. The firm owned 5,647 shares of the specialty retailer’s stock after acquiring an additional 2,860 shares during the period. Louisbourg Investments Inc.’s holdings in Ulta Beauty were worth $2,456,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Jensen Investment Management Inc. increased its holdings in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the period. Versor Investments LP acquired a new stake in shares of Ulta Beauty in the third quarter worth $793,000. Stephens Inc. AR raised its holdings in shares of Ulta Beauty by 31.0% during the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after purchasing an additional 3,791 shares during the last quarter. Chase Investment Counsel Corp lifted its position in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after purchasing an additional 2,000 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in Ulta Beauty during the third quarter valued at $4,480,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.5 %

NASDAQ:ULTA opened at $374.53 on Wednesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market cap 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. The company’s 50-day moving average price is $417.04 and its 200-day moving average price is $386.45.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Barclays increased 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. 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 a consensus rating of “Hold” and a consensus target price of $459.22.

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.