Assenagon Asset Management S.A. Increases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Assenagon Asset Management S.A. lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 258.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,190 shares of the specialty retailer's stock after acquiring an additional 90,972 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of Ulta Beauty worth $54,884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signal Advisors Wealth LLC grew its holdings in Ulta Beauty by 1.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 3,031 shares of the specialty retailer's stock valued at $1,318,000 after buying an additional 56 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $239,000. Pallas Capital Advisors LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $264,000. Bar Harbor Wealth Management increased its holdings in Ulta Beauty by 16.9% during the 4th quarter. Bar Harbor Wealth Management now owns 4,140 shares of the specialty retailer's stock worth $1,801,000 after acquiring an additional 598 shares during the period. Finally, Fulcrum Capital LLC lifted its stake in Ulta Beauty by 2.5% in the 4th quarter. Fulcrum Capital LLC now owns 18,150 shares of the specialty retailer's stock worth $7,894,000 after purchasing an additional 451 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Citigroup increased their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Raymond James dropped their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. B. Riley upgraded Ulta Beauty from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $460.30.

Ulta Beauty Price Performance

ULTA traded up $5.95 on Thursday, hitting $413.33. The company had a trading volume of 689,981 shares, compared to its average volume of 823,748. The stock has a fifty day simple moving average of $403.23 and a 200-day simple moving average of $384.42. The firm has a market capitalization of $19.17 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.07 EPS. Equities research analysts expect that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal 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.