Optimum Investment Advisors grew its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 777.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 790 shares of the specialty retailer’s stock after purchasing an additional 700 shares during the quarter. Optimum Investment Advisors’ holdings in Ulta Beauty were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Financial Advisors Inc. lifted its position in Ulta Beauty by 1,270.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after buying an additional 127 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Ulta Beauty during the fourth quarter worth $53,000. Rational Advisors LLC lifted its position in shares of Ulta Beauty by 539.7% during the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 313 shares during the last quarter. One Wealth Advisors LLC bought a new stake in shares of Ulta Beauty during the third quarter worth $112,000. Finally, We Are One Seven LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth $126,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

ULTA opened at $298.10 on Tuesday. Ulta Beauty Inc has a 12-month low of $191.70 and a 12-month high of $322.49. The stock has a market cap of $17.68 billion, a P/E ratio of 36.53, a PEG ratio of 1.26 and a beta of 0.99.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company earned $1.69 EPS. Ulta Beauty’s revenue was up 16.2% on a year-over-year basis. Analysts forecast that Ulta Beauty Inc will post 10.82 earnings per share for the current year.

Several equities analysts have recently commented on ULTA shares. Loop Capital cut their price target on Ulta Beauty to $265.00 and set an “average” rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call. Jefferies Financial Group set a $335.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, November 9th. Wells Fargo & Co set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, November 9th. Piper Jaffray Companies set a $312.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty presently has an average rating of “Buy” and a consensus price target of $288.84.

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Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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