Stevens Capital Management LP Purchases 228 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Stevens Capital Management LP boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,342 shares of the specialty retailer’s stock after purchasing an additional 228 shares during the quarter. Stevens Capital Management LP’s holdings in Ulta Beauty were worth $584,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cornerstone Investment Partners LLC raised its holdings in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 25 shares in the last quarter. Stonegate Investment Group LLC grew its stake in shares of Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 35 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its stake in shares of Ulta Beauty by 4.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock worth $374,000 after acquiring an additional 35 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $350.57 on Monday. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.89 and a beta of 1.34. The stock has a 50 day simple moving average of $377.57 and a 200-day simple moving average of $386.55. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $8.08 EPS. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Piper Sandler dropped their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus 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.