Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires Shares of 350 Ulta Beauty, Inc. (NASDAQ:ULTA)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 350 shares of the specialty retailer’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the 3rd quarter valued at $359,480,000. Holocene Advisors LP increased its stake 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 purchasing an additional 335,914 shares during the last quarter. Atreides Management LP bought a new position in shares of Ulta Beauty in the 3rd quarter valued at $73,069,000. Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty in the 4th quarter valued at $58,074,000. Finally, Assenagon Asset Management S.A. grew its position in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research reports. DA Davidson boosted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $330.00 to $430.00 in a research report on Tuesday, January 7th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. Finally, TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One 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, Ulta Beauty has an average rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Down 0.3 %

NASDAQ ULTA opened at $365.78 on Friday. The stock’s 50-day simple moving average is $404.31 and its two-hundred day simple moving average is $387.81. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $5.07 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.