Allspring Global Investments Holdings LLC Purchases 2,294 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Allspring Global Investments Holdings LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 42.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,762 shares of the specialty retailer’s stock after buying an additional 2,294 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ulta Beauty were worth $3,331,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ULTA. Schwartz Investment Counsel Inc. grew its holdings in shares of Ulta Beauty by 44.5% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 1,624 shares of the specialty retailer’s stock valued at $706,000 after purchasing an additional 500 shares during the last quarter. Schear Investment Advisers LLC raised its holdings in Ulta Beauty by 3.3% during the fourth quarter. Schear Investment Advisers LLC now owns 4,259 shares of the specialty retailer’s stock worth $1,852,000 after buying an additional 136 shares during the last quarter. Fishman Jay A Ltd. MI grew its stake in shares of Ulta Beauty by 1.8% in the 4th quarter. Fishman Jay A Ltd. MI now owns 4,340 shares of the specialty retailer’s stock worth $1,888,000 after acquiring an additional 75 shares in the last quarter. Quent Capital LLC grew its stake in shares of Ulta Beauty by 37.8% in the 4th quarter. Quent Capital LLC now owns 197 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 54 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in Ulta Beauty during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, Citigroup raised their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

ULTA opened at $366.68 on Friday. The business’s 50-day simple moving average is $411.27 and its 200-day simple moving average is $386.56. The company has a market cap of $17.00 billion, a P/E ratio of 14.67, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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. 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%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $5.07 EPS. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

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.