FourThought Financial LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 39.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 412 shares of the specialty retailer’s stock after acquiring an additional 116 shares during the quarter. FourThought Financial LLC’s holdings in Ulta Beauty were worth $165,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ULTA. CI Investments Inc. lifted its holdings in Ulta Beauty by 1,016.7% in the third quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 61 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares during the period. Global Trust Asset Management LLC acquired a new stake in Ulta Beauty in the third quarter valued at $30,000. AllSquare Wealth Management LLC lifted its holdings in Ulta Beauty by 188.5% in the third quarter. AllSquare Wealth Management LLC now owns 75 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 49 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Ulta Beauty by 76.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 81 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Piper Sandler raised their target price on Ulta Beauty from $570.00 to $610.00 in a report on Friday, March 10th. Citigroup increased their price objective on shares of Ulta Beauty from $500.00 to $530.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. UBS Group lifted their target price on shares of Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a research report on Friday, December 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $575.00 price target on shares of Ulta Beauty in a research report on Monday, March 6th. Finally, Oppenheimer lifted their price objective on Ulta Beauty from $535.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $555.09.
Insider Buying and Selling at Ulta Beauty
Ulta Beauty Stock Performance
ULTA stock opened at $506.46 on Friday. The stock has a market capitalization of $25.77 billion, a P/E ratio of 21.08, a PEG ratio of 1.68 and a beta of 1.30. Ulta Beauty, Inc. has a one year low of $330.80 and a one year high of $537.52. The company has a 50 day moving average price of $513.72 and a two-hundred day moving average price of $459.77.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 EPS for the quarter, topping the consensus estimate of $5.53 by $1.15. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. Ulta Beauty’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $5.41 EPS. Research analysts forecast that Ulta Beauty, Inc. will post 25.23 earnings per share for the current fiscal year.
Ulta Beauty Profile
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.
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