Allspring Global Investments Holdings LLC Acquires 2,294 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Allspring Global Investments Holdings LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 42.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,762 shares of the specialty retailer's stock after purchasing an additional 2,294 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Ulta Beauty were worth $3,331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ULTA. International Assets Investment Management LLC increased its stake in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after buying an additional 1,237,884 shares during the period. Geode Capital Management LLC increased its stake in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock valued at $461,059,000 after buying an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $359,480,000. Champlain Investment Partners LLC increased its stake in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock valued at $237,519,000 after buying an additional 31,540 shares during the period. Finally, Holocene Advisors LP increased its stake in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock valued at $134,737,000 after buying an additional 335,914 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $5.14 during trading hours on Friday, reaching $361.54. The company had a trading volume of 932,787 shares, compared to its average volume of 916,952. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The business has a fifty day simple moving average of $410.13 and a 200-day simple moving average of $386.42. The company has a market cap of $16.76 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $5.07 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ULTA shares. UBS Group increased their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. TD Cowen increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 21st. Finally, StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average 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.