Coerente Capital Management Has $16.03 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Coerente Capital Management lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,864 shares of the specialty retailer’s stock after purchasing an additional 5,830 shares during the period. Ulta Beauty accounts for 3.0% of Coerente Capital Management’s holdings, making the stock its 17th biggest position. Coerente Capital Management’s holdings in Ulta Beauty were worth $16,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Clear Creek Financial Management LLC increased its stake in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 35 shares during the period. Caprock Group LLC raised its holdings in shares of Ulta Beauty by 7.1% during the 4th quarter. Caprock Group LLC now owns 4,654 shares of the specialty retailer’s stock worth $2,024,000 after buying an additional 307 shares in the last quarter. Donald L. Hagan LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $1,074,000. Mediolanum International Funds Ltd increased its holdings in shares of Ulta Beauty by 11.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 24,006 shares of the specialty retailer’s stock worth $10,427,000 after buying an additional 2,423 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in Ulta Beauty by 2.8% in the fourth quarter. Highland Capital Management LLC now owns 18,061 shares of the specialty retailer’s stock valued at $7,855,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.5 %

Shares of ULTA opened at $412.15 on Friday. The stock has a 50 day moving average of $414.93 and a 200 day moving average of $386.10. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.98 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 earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company 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%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.07 EPS. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULTA. Loop Capital raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $430.00 to $500.00 in a research report on Tuesday, January 21st. Oppenheimer increased their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Raymond James decreased their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.