Ghe LLC Purchases 620 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Ghe LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,076 shares of the specialty retailer’s stock after purchasing an additional 620 shares during the period. Ghe LLC’s holdings in Ulta Beauty were worth $1,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Jensen Investment Management Inc. boosted its stake in shares of Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the last quarter. Versor Investments LP bought a new position in Ulta Beauty in the third quarter valued at $793,000. Stephens Inc. AR increased its stake in Ulta Beauty by 31.0% in the third 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 during the last quarter. Chase Investment Counsel Corp increased its stake in Ulta Beauty by 100.0% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $4,480,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $361.54 on Monday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The stock has a fifty day moving average of $408.88 and a 200-day moving average of $387.54. The company has a market capitalization of $16.77 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. DA Davidson raised their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Piper Sandler raised their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $459.22.

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.