Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1,271.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,440 shares of the specialty retailer’s stock after purchasing an additional 1,335 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ulta Beauty were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ULTA. Thrivent Financial for Lutherans increased its stake in shares of Ulta Beauty by 382.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after acquiring an additional 8,481 shares during the last quarter. MAI Capital Management increased its stake in shares of Ulta Beauty by 1.7% in the 3rd quarter. MAI Capital Management now owns 5,586 shares of the specialty retailer’s stock worth $2,174,000 after acquiring an additional 93 shares during the last quarter. Quest Partners LLC increased its stake in shares of Ulta Beauty by 22.3% in the 3rd quarter. Quest Partners LLC now owns 1,197 shares of the specialty retailer’s stock worth $466,000 after acquiring an additional 218 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Ulta Beauty by 16.0% in the 3rd 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 last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth $1,339,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA opened at $340.89 on Friday. The stock has a 50-day simple moving average of $378.92 and a 200-day simple moving average of $386.19. The stock has a market capitalization of $15.81 billion, a PE ratio of 13.64, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $531.11.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.08 EPS. Analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Piper Sandler cut their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus cut their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price objective on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $427.13.

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.