WT Asset Management Ltd Makes New $1.17 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

WT Asset Management Ltd acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,700 shares of the specialty retailer’s stock, valued at approximately $1,174,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Jensen Investment Management Inc. raised its holdings in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Versor Investments LP bought a new stake in shares of Ulta Beauty in the 3rd quarter worth about $793,000. Stephens Inc. AR raised its stake in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock valued at $6,231,000 after purchasing an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp lifted its position in shares of Ulta Beauty by 100.0% during the third 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 during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Ulta Beauty in the third quarter worth about $4,480,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $409.19 on Wednesday. The stock has a market cap of $18.97 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The business’s fifty day moving average is $415.83 and its 200-day moving average is $385.93. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 analysts’ expectations of $2.50 billion. During the same period in the previous year, the business earned $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on ULTA shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Barclays increased their target price on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $430.00 to $500.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.