Picton Mahoney Asset Management Invests $1.02 Million in Ulta Beauty Inc. $ULTA

by · The Markets Daily

Picton Mahoney Asset Management acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,873 shares of the specialty retailer’s stock, valued at approximately $1,024,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth lifted its holdings in shares of Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after buying an additional 2,615 shares during the last quarter. Intech Investment Management LLC raised its position in Ulta Beauty by 48.9% during the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after acquiring an additional 1,574 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Ulta Beauty in the second quarter valued at approximately $466,000. Assetmark Inc. grew its position in Ulta Beauty by 295.6% in the second quarter. Assetmark Inc. now owns 178 shares of the specialty retailer’s stock worth $83,000 after acquiring an additional 133 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Ulta Beauty by 32.8% during the 2nd quarter. Bank of Montreal Can now owns 69,688 shares of the specialty retailer’s stock worth $32,601,000 after purchasing an additional 17,216 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ULTA shares. Argus raised their price target on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft set a $732.00 target price on Ulta Beauty in a report on Thursday, January 8th. Morgan Stanley boosted their price target on Ulta Beauty from $640.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Cowen increased their price objective on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $626.84.

View Our Latest Research Report on ULTA

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $653.64 on Friday. The company has a market cap of $29.00 billion, a P/E ratio of 25.06, a P/E/G ratio of 3.08 and a beta of 0.82. The stock’s 50-day moving average is $663.60 and its 200-day moving average is $582.51. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $714.97.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS. As a group, equities analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.

See Also

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