Lindenwold Advisors INC Increases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lindenwold Advisors INC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,826 shares of the specialty retailer’s stock after buying an additional 82 shares during the period. Lindenwold Advisors INC’s holdings in Ulta Beauty were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. UMB Bank n.a. lifted its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. LRI Investments LLC bought a new position in shares of Ulta Beauty during the first quarter valued at $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty in the 2nd quarter worth about $32,000. Paladin Wealth LLC purchased a new position in Ulta Beauty in the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. bought a new position in Ulta Beauty during the 2nd quarter valued at about $36,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $353.35 on Tuesday. The firm has a market capitalization of $16.65 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The business’s 50-day moving average is $379.50 and its two-hundred day moving average is $378.71. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the firm earned $6.02 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Piper Sandler raised their price target on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird reduced their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Finally, Evercore ISI reduced their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty 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.