ING Groep NV Makes New $15.19 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

ING Groep NV acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,918 shares of the specialty retailer’s stock, valued at approximately $15,187,000. ING Groep NV owned about 0.08% of Ulta Beauty as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Creative Planning increased its holdings in Ulta Beauty by 83.7% during the 3rd quarter. Creative Planning now owns 14,774 shares of the specialty retailer’s stock worth $5,749,000 after purchasing an additional 6,730 shares during the last quarter. Blue Trust Inc. increased its holdings in Ulta Beauty by 22.4% during the 3rd quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 44 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Ulta Beauty by 63.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock valued at $2,128,000 after acquiring an additional 2,114 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Ulta Beauty by 22.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,019 shares of the specialty retailer’s stock valued at $1,564,000 after acquiring an additional 732 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Ulta Beauty by 14.5% in the 3rd quarter. Private Advisor Group LLC now owns 11,473 shares of the specialty retailer’s stock valued at $4,464,000 after acquiring an additional 1,451 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $366.68 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a fifty day moving average of $411.27 and a two-hundred day moving average of $386.56. The firm has a market capitalization of $17.00 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $5.07 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research analyst reports. Bank of America boosted their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Piper Sandler boosted their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. BMO Capital Markets boosted their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, UBS Group boosted their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $459.22.

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.