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

Key Points

• Lindenwold Advisors INC increased its stake in Ulta Beauty Inc. by 36.5% in the first quarter, acquiring an additional 1,233 shares to reach a total of 4,614 shares, valued at approximately $1.69 million.
• Recent analyst reports show a positive outlook on Ulta Beauty, with several brokerages raising their price targets, including DA Davidson increasing it to $585.00.
• Ulta Beauty reported strong earnings, with an EPS of $6.70 for the latest quarter, surpassing expectations and showing a 4.5% revenue growth compared to last year.

Lindenwold Advisors INC raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 36.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,614 shares of the specialty retailer's stock after acquiring an additional 1,233 shares during the period. Lindenwold Advisors INC's holdings in Ulta Beauty were worth $1,691,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $430,674,000. Marshall Wace LLP boosted its holdings in Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after purchasing an additional 454,711 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Ulta Beauty by 38,770.6% in the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after purchasing an additional 442,372 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Ulta Beauty by 5,117.0% in the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ulta Beauty in the fourth quarter valued at about $73,780,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULTA. DA Davidson increased their price target on Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a report on Thursday. Citigroup increased their price target on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $520.00 price target on shares of Ulta Beauty in a report on Friday, July 11th. Piper Sandler reissued a "neutral" rating and issued a $437.00 price target (up previously from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $466.57.

Ulta Beauty Price Performance

ULTA opened at $515.01 on Friday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $523.68. The stock has a market cap of $23.15 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.13 and a beta of 1.08. The stock's 50 day moving average price is $473.18 and its 200 day moving average price is $410.77.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period last year, the firm earned $6.47 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current 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.

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