Winebrenner Capital Management LLC Makes New $870,000 Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Winebrenner Capital Management LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,000 shares of the specialty retailer’s stock, valued at approximately $870,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ULTA. Sunbelt Securities Inc. increased its position in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $43,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the third quarter worth approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $361.54 on Friday. The company has a market cap of $16.76 billion, a PE ratio of 14.47, a PEG ratio of 0.89 and a beta of 1.28. The stock has a 50-day simple moving average of $410.13 and a 200 day simple moving average of $386.42. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The company 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 quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $5.07 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ULTA. Piper Sandler upped their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Oppenheimer raised their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. UBS Group raised their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Loop Capital upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.