Mutual of America Capital Management LLC Has $2.46 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mutual of America Capital Management LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,648 shares of the specialty retailer’s stock after selling 232 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $2,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $359,480,000. Holocene Advisors LP raised its position in Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in Ulta Beauty during the third quarter worth $73,069,000. Proficio Capital Partners LLC bought a new stake in Ulta Beauty during the fourth quarter worth $58,074,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after purchasing an additional 90,972 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $355.43 on Friday. The stock has a market capitalization of $16.48 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.89 and a beta of 1.34. The business has a 50 day simple moving average of $394.36 and a 200 day simple moving average of $387.94. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $5.07 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ULTA. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Piper Sandler boosted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average 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.