Eagle Ridge Investment Management Acquires 390 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Eagle Ridge Investment Management grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,735 shares of the specialty retailer’s stock after buying an additional 390 shares during the period. Ulta Beauty makes up 2.3% of Eagle Ridge Investment Management’s holdings, making the stock its 13th biggest position. Eagle Ridge Investment Management owned 0.13% of Ulta Beauty worth $26,850,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after buying an additional 28 shares during the period. Stonegate Investment Group LLC raised its stake in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its stake in Ulta Beauty by 39.6% in the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Loop Capital boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Piper Sandler boosted their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Barclays boosted their price target on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Down 2.2 %

NASDAQ:ULTA opened at $401.60 on Friday. The stock has a market cap of $18.62 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The stock’s 50-day moving average is $417.52 and its 200-day moving average is $386.23. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results 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 return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business posted $5.07 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 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.