Montag A & Associates Inc. Grows Holdings in Ulta Beauty Inc. $ULTA

Montag A & Associates Inc. grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 43.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,201 shares of the specialty retailer’s stock after buying an additional 1,575 shares during the period. Montag A & Associates Inc.’s holdings in Ulta Beauty were worth $2,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. Norges Bank acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth $258,791,000. Andra AP fonden increased its stake in shares of Ulta Beauty by 351,900.0% during the third quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after acquiring an additional 228,735 shares during the period. AQR Capital Management LLC raised its holdings in Ulta Beauty by 76.6% during the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after purchasing an additional 207,084 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Ulta Beauty by 1,597.2% during the third quarter. Thrivent Financial for Lutherans now owns 158,132 shares of the specialty retailer’s stock worth $86,459,000 after purchasing an additional 148,815 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Ulta Beauty in the second quarter valued at about $62,170,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ULTA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. Morgan Stanley upped their price objective on Ulta Beauty from $640.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 price target (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.84.

Ulta Beauty Stock Performance

ULTA opened at $661.34 on Thursday. The business’s fifty day moving average is $662.69 and its two-hundred day moving average is $582.01. The company has a market cap of $29.34 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.12 and a beta of 0.82. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $5.14 earnings per share. On average, analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.