GAMMA Investing LLC Has $496,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

GAMMA Investing LLC increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 170.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,141 shares of the specialty retailer’s stock after buying an additional 719 shares during the period. GAMMA Investing LLC’s holdings in Ulta Beauty were worth $496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $32,000. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares during the period. Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the third quarter worth $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty in the third quarter valued at about $44,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.5 %

NASDAQ ULTA opened at $431.35 on Monday. The firm’s fifty day moving average price is $397.50 and its two-hundred day moving average price is $382.73. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $20.00 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ULTA shares. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Raymond James dropped their target price 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. Piper Sandler lifted their price objective on Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer increased their target price on Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $439.30.

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.