Compass Wealth Management LLC Buys Shares of 3,700 Ulta Beauty, Inc. (NASDAQ:ULTA)

Compass Wealth Management LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,700 shares of the specialty retailer’s stock, valued at approximately $1,609,000.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP increased its stake in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in Ulta Beauty in the third quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. raised its holdings in Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Trading Down 0.2 %

NASDAQ ULTA opened at $417.83 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $19.37 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The firm’s fifty day moving average price is $407.85 and its two-hundred day moving average price is $385.62.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ULTA. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Stifel Nicolaus increased their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company raised their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target 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.