Guggenheim Capital LLC Has $1.11 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Posted by Defense World Staff on Mar 7th, 2023

Guggenheim Capital LLC lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,770 shares of the specialty retailer’s stock after acquiring an additional 251 shares during the quarter. Guggenheim Capital LLC’s holdings in Ulta Beauty were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after acquiring an additional 40,190 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Ulta Beauty by 111.5% during the second quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after buying an additional 495,734 shares during the last quarter. FMR LLC increased its position in Ulta Beauty by 94.9% during the second quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock worth $289,899,000 after buying an additional 366,138 shares during the last quarter. Renaissance Technologies LLC increased its position in Ulta Beauty by 7,441.9% during the second quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock worth $270,376,000 after buying an additional 692,100 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Ulta Beauty by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 682,898 shares of the specialty retailer’s stock worth $273,971,000 after buying an additional 3,218 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $523.40 on Tuesday. The business has a fifty day moving average price of $505.58 and a two-hundred day moving average price of $453.53. Ulta Beauty, Inc. has a fifty-two week low of $330.80 and a fifty-two week high of $537.52. The stock has a market capitalization of $26.63 billion, a PE ratio of 23.01, a PEG ratio of 1.56 and a beta of 1.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ULTA shares. Wells Fargo & Company downgraded Ulta Beauty from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $450.00 to $400.00 in a research report on Friday, January 6th. Raymond James boosted their price target on Ulta Beauty from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 16th. The Goldman Sachs Group cut Ulta Beauty from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $511.00 to $508.00 in a report on Monday, December 12th. StockNews.com cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty to $535.00 in a report on Monday, November 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $527.19.

Ulta Beauty Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.