J2 Capital Management Inc Buys Shares of 1,097 Ulta Beauty, Inc. (NASDAQ:ULTA)

J2 Capital Management Inc purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,097 shares of the specialty retailer’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Ulta Beauty by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares during the period. Amalgamated Bank boosted its holdings in shares of Ulta Beauty by 17.4% in the second quarter. Amalgamated Bank now owns 12,429 shares of the specialty retailer’s stock valued at $4,796,000 after buying an additional 1,842 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Ulta Beauty by 6.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,119 shares of the specialty retailer’s stock valued at $2,360,000 after purchasing an additional 350 shares in the last quarter. Brighton Jones LLC lifted its position in Ulta Beauty by 1.8% during the 2nd quarter. Brighton Jones LLC now owns 1,826 shares of the specialty retailer’s stock worth $705,000 after buying an additional 33 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Ulta Beauty by 78.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 43,111 shares of the specialty retailer’s stock worth $16,635,000 after buying an additional 18,962 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of recent analyst reports. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Bank of America raised their target price on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer lifted 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $460.30.

Ulta Beauty Stock Down 2.0 %

ULTA stock opened at $405.01 on Friday. The company’s 50-day moving average price is $404.03 and its two-hundred day moving average price is $384.76. The firm has a market cap of $18.78 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.00 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 announced 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.07 earnings per share. Equities analysts predict that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

Ulta Beauty 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.