Dynamic Technology Lab Private Ltd Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dynamic Technology Lab Private Ltd bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,228 shares of the specialty retailer’s stock, valued at approximately $1,256,000.

Several other large investors have also made changes to their positions in ULTA. Kennedy Capital Management LLC lifted its holdings in Ulta Beauty by 4.3% in the first quarter. Kennedy Capital Management LLC now owns 5,832 shares of the specialty retailer’s stock valued at $3,049,000 after buying an additional 242 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Ulta Beauty by 20.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,981 shares of the specialty retailer’s stock valued at $2,082,000 after acquiring an additional 680 shares during the last quarter. Wahed Invest LLC raised its position in shares of Ulta Beauty by 20.0% during the 1st quarter. Wahed Invest LLC now owns 1,002 shares of the specialty retailer’s stock valued at $524,000 after acquiring an additional 167 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Ulta Beauty in the 1st quarter worth $1,947,000. Finally, LRI Investments LLC bought a new position in shares of Ulta Beauty in the 1st quarter worth $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Loop Capital cut their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Ulta Beauty in a research note on Wednesday, October 16th. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, UBS Group lowered their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $360.47 on Wednesday. The business has a 50-day moving average of $375.54 and a 200-day moving average of $376.69. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.94 and a beta of 1.33. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 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.