Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Summitry LLC

Summitry LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,671 shares of the specialty retailer’s stock after purchasing an additional 5,137 shares during the period. Ulta Beauty accounts for about 4.6% of Summitry LLC’s holdings, making the stock its 6th biggest position. Summitry LLC’s holdings in Ulta Beauty were worth $94,237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Geode Capital Management LLC grew its stake in Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after buying an additional 10,153 shares during the last quarter. Amundi grew its position in shares of Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after acquiring an additional 74,013 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Ulta Beauty by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock valued at $139,151,000 after acquiring an additional 12,273 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Ulta Beauty by 12.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 189,310 shares of the specialty retailer’s stock worth $73,664,000 after purchasing an additional 20,613 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.3 %

Shares of NASDAQ ULTA opened at $370.75 on Wednesday. The company’s 50-day moving average price is $376.15 and its 200 day moving average price is $386.59. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business earned $8.08 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on ULTA. Piper Sandler dropped their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company lowered their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Bank of America cut their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $427.13.

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.