Bryn Mawr Capital Management LLC Raises Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bryn Mawr Capital Management LLC grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1,067.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,657 shares of the specialty retailer's stock after buying an additional 16,144 shares during the period. Bryn Mawr Capital Management LLC's holdings in Ulta Beauty were worth $7,680,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ULTA. Jensen Investment Management Inc. lifted its holdings in 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 purchasing an additional 1,720 shares in the last quarter. Versor Investments LP purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $793,000. Stephens Inc. AR lifted its holdings in Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer's stock worth $6,231,000 after purchasing an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in Ulta Beauty by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer's stock worth $1,556,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $4,480,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ULTA shares. Loop Capital boosted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Bank of America lifted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets lifted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $459.22.

Ulta Beauty Stock Down 1.7 %

ULTA traded down $6.35 during trading hours on Friday, reaching $360.33. 620,674 shares of the company's stock traded hands, compared to its average volume of 906,753. The firm has a 50-day moving average price of $410.13 and a 200 day moving average price of $386.42. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market capitalization of $16.71 billion, a PE ratio of 14.40, a PEG ratio of 0.87 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 EPS. Ulta Beauty's revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.