Mediolanum International Funds Ltd Raises Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mediolanum International Funds Ltd increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,006 shares of the specialty retailer’s stock after acquiring an additional 2,423 shares during the quarter. Mediolanum International Funds Ltd owned about 0.05% of Ulta Beauty worth $10,427,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ULTA. Highland Capital Management LLC boosted its position in Ulta Beauty by 2.8% during the fourth quarter. Highland Capital Management LLC now owns 18,061 shares of the specialty retailer’s stock worth $7,855,000 after purchasing an additional 500 shares during the period. Allen Capital Group LLC boosted its holdings in Ulta Beauty by 24.6% in the 4th quarter. Allen Capital Group LLC now owns 2,865 shares of the specialty retailer’s stock worth $1,246,000 after buying an additional 566 shares during the period. Diversified Investment Strategies LLC purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $237,000. Robeco Institutional Asset Management B.V. raised its holdings in Ulta Beauty by 2.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer’s stock valued at $3,718,000 after acquiring an additional 185 shares during the period. Finally, Bensler LLC lifted its position in shares of Ulta Beauty by 4.9% during the fourth quarter. Bensler LLC now owns 20,194 shares of the specialty retailer’s stock worth $8,783,000 after acquiring an additional 946 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent research reports. Piper Sandler lifted their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and upped their price target for the company from $330.00 to $430.00 in a research report on Tuesday, January 7th. Raymond James cut their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their price target on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. 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’s stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Down 1.5 %

NASDAQ ULTA opened at $412.15 on Friday. The company has a 50-day simple moving average of $413.45 and a two-hundred day simple moving average of $385.98. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.98 and a beta of 1.28.

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

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.