Ulta Beauty Inc (NASDAQ:ULTA) Sales rose to $1.58 billion

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They now have a $38.00 price objective on the stock, up from their previous price objective of $36.00. Shares were last trading at $260.02.

Loop Capital restated their hold rating on shares of Ulta Beauty Inc (NASDAQ:ULTA) in a report released on Monday.

Ulta's revenue increased 24.6 percent during the holiday quarter, coming in at $1.58 billion. Equities analysts expect that Ulta Beauty will post $8.02 earnings per share for the current year. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. First quarter EPS is expected to be between $1.75 and $1.80. Ulta Beauty has a 52-week low of $158.21 and a 52-week high of $281.17. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 43.93 and a beta of 0.65. The company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.14 by $0.11.

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A number of hedge funds have recently added to or reduced their stakes in ELF. Capital World Investors is the second biggest holder with 5 million shares now valued at 1.25 B million whilst State Street Corp has 2 million shares valued at 627.00 million. Hanson McClain Inc. purchased a new stake in Ulta Beauty during the second quarter valued at $122,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Ulta Beauty during the fourth quarter valued at $112,000. Sunbelt Securities Inc. purchased a new stake in Ulta Beauty during the fourth quarter valued at $134,000. Finally, Russell Investments Group Ltd. bought a new position in shares of e.l.f. Beauty during the fourth quarter worth about $759,000. The stock is now down 11.52 on 322K shares.

Ulta Beauty has officially chosen Fresno as the location of a huge distribution center that, at full strength, could employ 1,000 people, the company and city announced Friday morning.

For the full year, Ulta Beauty's net income increased 28.0% to $409.8 million and net sales increased 23.7% to $4.9 billion. The Company is a beauty retailer.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The Motley Fool owns shares of and recommends Ulta Salon, Cosmetics and Fragrance.

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