Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Todd Asset Management LLC

Todd Asset Management LLC raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,762 shares of the specialty retailer’s stock after acquiring an additional 6,947 shares during the quarter. Todd Asset Management LLC owned approximately 0.13% of Ulta Beauty worth $26,862,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jensen Investment Management Inc. lifted its stake in Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Versor Investments LP bought a new position in shares of Ulta Beauty in the 3rd quarter worth about $793,000. Stephens Inc. AR boosted its holdings in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after buying an additional 3,791 shares during the period. Chase Investment Counsel Corp grew its position in shares of Ulta Beauty by 100.0% during the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after buying an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Ulta Beauty during the third quarter worth about $4,480,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.6 %

ULTA opened at $363.89 on Tuesday. The business has a fifty day simple moving average of $407.66 and a 200-day simple moving average of $387.80. The firm has a market cap of $16.87 billion, a PE ratio of 14.56, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $5.07 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research reports. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup upped their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Bank of America raised their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.