Bryn Mawr Capital Management LLC Increases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bryn Mawr Capital Management LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1,067.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,657 shares of the specialty retailer’s stock after buying an additional 16,144 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Ulta Beauty were worth $7,680,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its position in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% during the 3rd 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 purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $41,000. Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty in the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ULTA. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler boosted their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Trading Down 2.4 %

Shares of NASDAQ ULTA opened at $359.96 on Thursday. The business has a 50-day moving average of $412.67 and a 200-day moving average of $386.75. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.88 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business 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 was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.07 earnings per share. On average, analysts predict that Ulta Beauty, Inc. will post 23.97 earnings per share for the current 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.