Aigen Investment Management LP Makes New $3.21 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Aigen Investment Management LP purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,385 shares of the specialty retailer’s stock, valued at approximately $3,212,000. Ulta Beauty comprises about 0.6% of Aigen Investment Management LP’s investment portfolio, making the stock its 26th largest position.

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

Ulta Beauty Price Performance

Shares of ULTA opened at $343.45 on Wednesday. The firm has a 50 day simple moving average of $399.59 and a two-hundred day simple moving average of $388.58. The company has a market cap of $15.93 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 earnings per share. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. DA Davidson raised their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $459.22.

About Ulta Beauty

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.