Modus Advisors LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,296 shares of the specialty retailer’s stock after purchasing an additional 122 shares during the period. Modus Advisors LLC’s holdings in Ulta Beauty were worth $2,022,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ULTA. Envestnet Asset Management Inc. lifted its position in Ulta Beauty by 3,128.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,374,895 shares of the specialty retailer’s stock worth $39,384,000 after acquiring an additional 2,301,338 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ulta Beauty by 125.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock worth $717,932,000 after acquiring an additional 852,258 shares during the period. Morgan Stanley lifted its position in Ulta Beauty by 69.7% during the fourth quarter. Morgan Stanley now owns 1,133,168 shares of the specialty retailer’s stock valued at $531,535,000 after purchasing an additional 465,616 shares during the period. Norges Bank purchased a new stake in Ulta Beauty in the fourth quarter valued at $205,146,000. Finally, FMR LLC grew its position in Ulta Beauty by 22.2% during the 1st quarter. FMR LLC now owns 1,652,512 shares of the specialty retailer’s stock worth $901,726,000 after purchasing an additional 299,970 shares during the period. Institutional investors and hedge funds own 92.30% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Ulta Beauty in a report on Thursday, August 31st. Wells Fargo & Company lifted their target price on shares of Ulta Beauty from $350.00 to $375.00 and gave the stock an “underweight” rating in a research note on Friday, August 25th. StockNews.com started coverage on shares of Ulta Beauty in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ulta Beauty from $570.00 to $571.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Citigroup raised their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $545.13.
Ulta Beauty Trading Up 0.3 %
Shares of ULTA traded up $1.09 during trading hours on Thursday, reaching $415.29. The company had a trading volume of 97,956 shares, compared to its average volume of 771,966. Ulta Beauty, Inc. has a 12-month low of $373.80 and a 12-month high of $556.60. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.84 and a beta of 1.34. The firm has a 50 day simple moving average of $443.15 and a 200-day simple moving average of $478.11.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.85 by $0.17. Ulta Beauty had a return on equity of 63.51% and a net margin of 11.77%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted $5.70 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Ulta Beauty, Inc. will post 25.38 earnings per share for the current year.
Ulta Beauty Company Profile
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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