Public Employees Retirement Association of Colorado increased its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,227 shares of the specialty retailer’s stock after purchasing an additional 352 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ulta Beauty were worth $2,511,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. QS Investors LLC boosted its holdings in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the last quarter. Trust Co purchased a new stake in Ulta Beauty in the third quarter worth approximately $251,000. Campbell & CO Investment Adviser LLC purchased a new stake in Ulta Beauty in the third quarter worth approximately $260,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $260,000. Finally, KSA Capital Management LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $271,000. Institutional investors own 90.49% of the company’s stock.

Shares of Ulta Beauty Inc (NASDAQ:ULTA) opened at $206.79 on Wednesday. The stock has a market cap of $12,610.00, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. Ulta Beauty Inc has a fifty-two week low of $187.96 and a fifty-two week high of $314.86.

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

ULTA has been the topic of several analyst reports. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, October 23rd. KeyCorp set a $270.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 27th. BMO Capital Markets reiterated a “hold” rating and set a $235.00 price target on shares of Ulta Beauty in a research note on Thursday, November 2nd. Buckingham Research upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 27th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has a consensus rating of “Buy” and a consensus target price of $262.91.

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About Ulta Beauty

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.

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

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