WINTON GROUP Ltd Raises Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

WINTON GROUP Ltd raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 582.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,815 shares of the specialty retailer’s stock after purchasing an additional 16,057 shares during the quarter. WINTON GROUP Ltd’s holdings in Ulta Beauty were worth $8,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares during the period. Sunbelt Securities Inc. increased its holdings in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the period. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter worth about $33,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth about $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Piper Sandler reduced their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a report on Friday, March 14th. DA Davidson reduced their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Oppenheimer increased their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $427.13.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $371.90 on Thursday. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The company has a market capitalization of $17.25 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a 50 day simple moving average of $375.44 and a 200-day simple moving average of $386.48.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.08 EPS. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty Company 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.