Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $4.63 Million Position in Ulta Beauty Inc (ULTA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,713 shares of the specialty retailer’s stock after purchasing an additional 2,630 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Ulta Beauty were worth $4,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. QS Investors LLC grew its position in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Ulta Beauty by 448.8% during the second quarter. Janus Henderson Group PLC now owns 115,762 shares of the specialty retailer’s stock worth $33,264,000 after purchasing an additional 94,669 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ulta Beauty by 3,388.9% during the second quarter. The Manufacturers Life Insurance Company now owns 67,022 shares of the specialty retailer’s stock worth $19,258,000 after purchasing an additional 65,101 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ulta Beauty by 29.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,234 shares of the specialty retailer’s stock worth $2,366,000 after purchasing an additional 1,897 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Ulta Beauty by 191.0% during the second quarter. Nomura Holdings Inc. now owns 4,420 shares of the specialty retailer’s stock worth $1,271,000 after purchasing an additional 2,901 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Inc (ULTA) opened at $206.79 on Wednesday. Ulta Beauty Inc has a 12-month low of $187.96 and a 12-month high of $314.86. The firm has a market capitalization of $12,776.69, a P/E ratio of 26.44, a PEG ratio of 1.02 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. equities research analysts predict that Ulta Beauty Inc will post 8.35 EPS for the current fiscal year.

ULTA has been the topic of several research reports. Buckingham Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Tuesday, December 19th. They noted that the move was a valuation call. Cowen set a $336.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Friday, October 20th. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Monday, October 23rd. Wells Fargo & Co upgraded Ulta Beauty from a “market perform” rating to an “outperform” rating and set a $275.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $235.00 to $245.00 in a report on Wednesday, January 17th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $262.91.

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Ulta Beauty Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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

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