Bender Robert & Associates Has $9.29 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Bender Robert & Associates decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,365 shares of the specialty retailer’s stock after selling 3,216 shares during the period. Ulta Beauty makes up about 2.2% of Bender Robert & Associates’ portfolio, making the stock its 15th biggest holding. Bender Robert & Associates’ holdings in Ulta Beauty were worth $9,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc grew its holdings in shares of Ulta Beauty by 11.8% during the third quarter. Impax Asset Management Group plc now owns 93,419 shares of the specialty retailer’s stock valued at $36,351,000 after buying an additional 9,863 shares during the last quarter. Sigma Planning Corp grew its stake in Ulta Beauty by 49.2% in the 3rd quarter. Sigma Planning Corp now owns 1,159 shares of the specialty retailer’s stock worth $451,000 after buying an additional 382 shares in the last quarter. Versor Investments LP bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $793,000. Apollon Wealth Management LLC lifted its holdings in shares of Ulta Beauty by 44.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock worth $544,000 after acquiring an additional 432 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in Ulta Beauty by 1.9% during the 3rd quarter. Entropy Technologies LP now owns 10,320 shares of the specialty retailer’s stock valued at $4,016,000 after buying an additional 191 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $342.72 on Wednesday. The stock has a 50-day moving average of $390.90 and a two-hundred day moving average of $387.73. The company has a market cap of $15.89 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Analysts Set New Price Targets

Several brokerages recently issued reports on ULTA. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday. Piper Sandler increased their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Finally, Barclays increased their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. One 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, Ulta Beauty currently has a consensus rating of “Hold” and a consensus 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.