Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Raised by Todd Asset Management LLC

Todd Asset Management LLC raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,762 shares of the specialty retailer’s stock after acquiring an additional 6,947 shares during the quarter. Todd Asset Management LLC’s holdings in Ulta Beauty were worth $26,862,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ULTA. Jensen Investment Management Inc. grew its position 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 valued at $4,409,000 after purchasing an additional 1,720 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at $793,000. Stephens Inc. AR grew its holdings in shares of Ulta Beauty by 31.0% during the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp increased its stake in shares of Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $4,480,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.6 %

ULTA opened at $363.89 on Tuesday. The stock 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 1 year low of $318.17 and a 1 year high of $574.76. The stock’s 50 day simple moving average is $407.66 and its 200-day simple moving average is $387.80.

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 net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the company posted $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. TD Cowen raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Citigroup raised their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

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.