Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,323 shares of the specialty retailer's stock after purchasing an additional 736 shares during the period. Royal London Asset Management Ltd. owned approximately 0.07% of Ulta Beauty worth $14,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. Thrivent Financial for Lutherans grew its holdings in shares of Ulta Beauty by 382.5% in the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer's stock valued at $4,163,000 after purchasing an additional 8,481 shares in the last quarter. Quest Partners LLC grew its stake in shares of Ulta Beauty by 22.3% in the third quarter. Quest Partners LLC now owns 1,197 shares of the specialty retailer's stock worth $466,000 after acquiring an additional 218 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Ulta Beauty by 16.0% during the third quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer's stock worth $2,172,000 after acquiring an additional 768 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Ulta Beauty in the third quarter valued at $1,339,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Ulta Beauty by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,770 shares of the specialty retailer's stock valued at $5,747,000 after purchasing an additional 1,450 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Ulta Beauty Stock Performance

Ulta Beauty stock traded up $4.59 during mid-day trading on Tuesday, reaching $370.75. 1,123,629 shares of the company were exchanged, compared to its average volume of 1,045,890. The firm's 50-day simple moving average is $376.15 and its two-hundred day simple moving average is $386.59. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The firm has a market cap of $17.19 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $8.08 EPS. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ULTA shares. Piper Sandler reduced their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Finally, Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average price target of $427.13.

About Ulta Beauty

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.