Ulta Beauty, Inc. (NASDAQ:ULTA) Position Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 47.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173 shares of the specialty retailer’s stock after purchasing an additional 56 shares during the quarter. TD Private Client Wealth LLC’s holdings in Ulta Beauty were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after buying an additional 37 shares during the last quarter. Blueshift Asset Management LLC grew its holdings in shares of Ulta Beauty by 1,052.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock worth $3,198,000 after acquiring an additional 7,505 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock worth $2,021,000 after acquiring an additional 3,095 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ulta Beauty by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 307,665 shares of the specialty retailer’s stock worth $119,719,000 after purchasing an additional 6,825 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.3 %

Ulta Beauty stock opened at $370.75 on Wednesday. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $529.67. The firm’s fifty day simple moving average is $376.15 and its 200-day simple moving average is $386.59. The company has a market capitalization of $17.19 billion, a P/E ratio of 14.84, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business posted $8.08 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. B. Riley dropped their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. Piper Sandler lowered 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 report on Friday, March 14th. Finally, Loop Capital increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $427.13.

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.