Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,707 shares of the specialty retailer’s stock after buying an additional 144 shares during the period. V Square Quantitative Management LLC’s holdings in Ulta Beauty were worth $742,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $41,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $365.14 on Friday. The stock has a fifty day moving average of $415.86 and a two-hundred day moving average of $386.17. The firm has a market capitalization of $16.93 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.96 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 posted its quarterly earnings results 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $5.07 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on ULTA shares. Stifel Nicolaus increased their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Oppenheimer raised their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Finally, Piper Sandler lifted their price objective on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. One 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $459.22.

About Ulta Beauty

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.