Twin Capital Management Inc. Takes $1.22 Million Position in Ulta Beauty Inc. (NASDAQ:ULTA)

Twin Capital Management Inc. acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,318 shares of the specialty retailer's stock, valued at approximately $1,216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prestige Wealth Management Group LLC grew its holdings in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Ulta Beauty during the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty during the first quarter valued at $31,000. Rakuten Securities Inc. grew its holdings in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after buying an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ULTA shares. Citigroup boosted their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Friday, May 30th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price target for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. Loop Capital reaffirmed a "buy" rating and issued a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Barclays upped their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $500.00 price target (up from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Ulta Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $465.04.

Ulta Beauty Price Performance

NASDAQ ULTA traded up $4.11 during trading hours on Monday, hitting $497.41. 608,827 shares of the company's stock traded hands, compared to its average volume of 1,036,099. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $501.10. The company has a market capitalization of $22.36 billion, a PE ratio of 19.27, a PEG ratio of 2.99 and a beta of 1.08. The firm's 50-day moving average is $455.14 and its 200-day moving average is $404.92.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the company earned $6.47 EPS. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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.