Jones Financial Companies Lllp Has $12.40 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Jones Financial Companies Lllp lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,500 shares of the specialty retailer’s stock after buying an additional 7,851 shares during the period. Jones Financial Companies Lllp owned approximately 0.06% of Ulta Beauty worth $12,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. grew its holdings in shares of Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares in the last quarter. Versor Investments LP bought a new stake in Ulta Beauty during the third quarter worth about $793,000. Chase Investment Counsel Corp grew its stake in Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after buying an additional 2,000 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in Ulta Beauty in the 3rd quarter valued at about $4,480,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Ulta Beauty by 382.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock valued at $4,163,000 after buying an additional 8,481 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $348.86 on Tuesday. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50 day moving average price of $401.43 and a two-hundred day moving average price of $388.82.

Ulta Beauty (NASDAQ:ULTA) last announced its 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.07 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. 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. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus 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.