Thompson Siegel & Walmsley LLC Takes $21.48 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Thompson Siegel & Walmsley LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,192 shares of the specialty retailer’s stock, valued at approximately $21,476,000. Thompson Siegel & Walmsley LLC owned 0.12% of Ulta Beauty as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ULTA. Choreo LLC increased its position in Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after buying an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. increased its stake in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after purchasing an additional 139 shares in the last quarter. Jensen Investment Management Inc. raised its holdings in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the last quarter. Finally, Distillate Capital Partners LLC purchased a new stake in Ulta Beauty during the 2nd quarter valued at $14,665,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.3 %

NASDAQ:ULTA opened at $343.26 on Thursday. The firm has a fifty day simple moving average of $378.29 and a 200-day simple moving average of $378.08. The company has a market capitalization of $16.17 billion, a P/E ratio of 13.77, a PEG ratio of 1.97 and a beta of 1.33. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business posted $6.02 earnings per share. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a report on Thursday, October 17th. Barclays lifted their target price on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. UBS Group decreased their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Evercore ISI decreased their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Finally, Piper Sandler upped their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $420.71.

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.