28,014 Shares in Ulta Beauty Inc. (NASDAQ:ULTA) Bought by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC purchased 28,014 shares of Ulta Beauty, valued at approximately $10.26 million, indicating a new investment position in the company.
• Ulta Beauty's latest quarterly earnings surpassed expectations, reporting $6.70 EPS and revenues of $2.85 billion, which is a 4.5% increase year-over-year.
• Institutional investors own 90.39% of Ulta Beauty's stock, showcasing strong institutional interest in the specialty beauty retailer.

Brandywine Global Investment Management LLC acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,014 shares of the specialty retailer's stock, valued at approximately $10,268,000. Brandywine Global Investment Management LLC owned about 0.06% of Ulta Beauty as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ULTA. Capital World Investors bought a new stake in shares of Ulta Beauty during the 4th quarter worth $430,674,000. GAMMA Investing LLC raised its position in Ulta Beauty by 38,770.6% in the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after purchasing an additional 442,372 shares during the period. JPMorgan Chase & Co. raised its position in Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock worth $334,871,000 after purchasing an additional 410,900 shares during the period. Pacer Advisors Inc. raised its position in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock worth $80,753,000 after purchasing an additional 216,089 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ulta Beauty in the 4th quarter worth $73,780,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $521.00 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $534.10. The company's 50-day simple moving average is $488.32 and its 200 day simple moving average is $418.47. The firm has a market capitalization of $23.42 billion, a P/E ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.12.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm posted $6.47 earnings per share. Ulta Beauty's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on ULTA shares. Citigroup lifted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Loop Capital reiterated a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a research report on Friday, July 25th. Barclays lifted their target price on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $542.00 to $600.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and a consensus target price of $475.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.