Diversified Investment Strategies LLC Acquires New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

Diversified Investment Strategies LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 545 shares of the specialty retailer’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in Ulta Beauty by 2.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer’s stock valued at $3,718,000 after buying an additional 185 shares in the last quarter. Bensler LLC raised its stake in shares of Ulta Beauty by 4.9% in the 4th quarter. Bensler LLC now owns 20,194 shares of the specialty retailer’s stock valued at $8,783,000 after acquiring an additional 946 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its position in Ulta Beauty by 256.8% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 26,076 shares of the specialty retailer’s stock worth $11,341,000 after purchasing an additional 18,768 shares during the period. Finally, Blue Trust Inc. grew its holdings in Ulta Beauty by 18.8% during the fourth quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer’s stock valued at $124,000 after purchasing an additional 45 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 1.4 %

NASDAQ ULTA opened at $409.23 on Wednesday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.00 and a beta of 1.28. The stock’s 50 day moving average is $410.50 and its two-hundred day moving average is $385.57.

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

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Piper Sandler raised their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty 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.