Octavia Wealth Advisors LLC Acquires 255 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Octavia Wealth Advisors LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 837 shares of the specialty retailer’s stock after purchasing an additional 255 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Ulta Beauty were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ULTA. International Assets Investment Management LLC lifted its position in shares of Ulta Beauty by 180,713.0% in 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 purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty during the third quarter worth $359,480,000. Holocene Advisors LP raised its position in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in Ulta Beauty during the third quarter worth $73,069,000. Finally, Assenagon Asset Management S.A. raised its position in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 4.2 %

ULTA opened at $422.16 on Wednesday. The company’s 50 day moving average is $404.52 and its 200-day moving average is $384.77. The company has a market cap of $19.58 billion, a P/E ratio of 16.89, a PEG ratio of 0.97 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 EPS. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. TD Cowen upped their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.