Bensler LLC Increases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bensler LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,194 shares of the specialty retailer's stock after purchasing an additional 946 shares during the quarter. Bensler LLC's holdings in Ulta Beauty were worth $8,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Paladin Wealth LLC acquired a new position in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.4 %

ULTA stock traded down $1.76 during trading on Tuesday, reaching $413.24. 555,197 shares of the stock were exchanged, compared to its average volume of 817,411. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.00 and a beta of 1.28. The business has a 50 day moving average price of $409.08 and a 200-day moving average price of $385.57. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released 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 net margin of 10.58% and a return on equity of 51.95%. The firm 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 company earned $5.07 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ULTA shares. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Wells Fargo & Company upped their price objective on Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 7th. Barclays raised their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 9th. B. Riley raised shares of Ulta Beauty from a "sell" rating to a "neutral" rating and increased their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, Oppenheimer raised their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.