Donald L. Hagan LLC Buys New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Donald L. Hagan LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,470 shares of the specialty retailer’s stock, valued at approximately $1,074,000.

Several other hedge funds have also recently added to or reduced their stakes in ULTA. Dana Investment Advisors Inc. raised its holdings in Ulta Beauty by 9.9% in the second quarter. Dana Investment Advisors Inc. now owns 757 shares of the specialty retailer’s stock valued at $292,000 after acquiring an additional 68 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Ulta Beauty in the second quarter valued at approximately $124,000. Brown Financial Advisors purchased a new position in Ulta Beauty in the second quarter valued at approximately $268,000. Sanctuary Advisors LLC purchased a new position in Ulta Beauty in the second quarter valued at approximately $1,500,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ulta Beauty in the second quarter valued at approximately $8,759,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of several recent analyst reports. Oppenheimer increased their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Bank of America increased their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Loop Capital raised their target price 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. Piper Sandler raised their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 1.9 %

NASDAQ:ULTA opened at $418.53 on Friday. The company has a market capitalization of $19.41 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a fifty day simple moving average of $411.85 and a 200-day simple moving average of $385.75.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.99 earnings per share for the current 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.