Bensler LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bensler LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,194 shares of the specialty retailer’s stock after acquiring an additional 946 shares during the quarter. Bensler LLC’s holdings in Ulta Beauty were worth $8,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its holdings 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 valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $359,480,000. Champlain Investment Partners LLC increased its stake in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its stake in Ulta Beauty by 14.4% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after acquiring an additional 65,000 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Piper Sandler raised their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, Raymond James lowered their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Up 0.4 %

Shares of ULTA stock opened at $419.46 on Tuesday. The stock has a market capitalization of $19.45 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock’s 50-day moving average price is $407.85 and its 200 day moving average price is $385.47.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.07 EPS. Analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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.