1,200 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,200 shares of the specialty retailer's stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $43,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ulta Beauty in the 3rd quarter worth about $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $7.94 during midday trading on Wednesday, reaching $334.79. The stock had a trading volume of 761,214 shares, compared to its average volume of 914,503. The stock has a 50-day moving average of $390.90 and a 200-day moving average of $387.73. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

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Analyst Ratings Changes

ULTA has been the topic of a number of analyst reports. Citigroup lifted their price target on Ulta Beauty from $450.00 to $457.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. William Blair cut shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Piper Sandler boosted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Loop Capital boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $459.22.

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.