Banque Cantonale Vaudoise lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 195.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,420 shares of the specialty retailer’s stock after purchasing an additional 1,600 shares during the period. Banque Cantonale Vaudoise’s holdings in Ulta Beauty were worth $1,138,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC bought a new position in Ulta Beauty in the 2nd quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its stake in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 26 shares during the period. BOKF NA acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $30,000. Ancora Advisors LLC bought a new stake in shares of Ulta Beauty during the first quarter worth $31,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Ulta Beauty during the first quarter valued at $31,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $600.00 price objective on shares of Ulta Beauty in a research report on Thursday, August 31st. Raymond James reduced their price objective on shares of Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 23rd. Oppenheimer reiterated an “outperform” rating and set a $540.00 target price on shares of Ulta Beauty in a research report on Friday, August 25th. Piper Sandler cut their price target on Ulta Beauty from $575.00 to $540.00 in a research note on Tuesday, October 10th. Finally, Evercore ISI initiated coverage on Ulta Beauty in a research note on Tuesday, November 7th. They set an “outperform” rating and a $460.00 price objective for the company. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $530.35.
Ulta Beauty Trading Up 1.9 %
ULTA stock opened at $397.93 on Wednesday. The stock has a 50-day moving average price of $393.13 and a two-hundred day moving average price of $434.97. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $556.60. The stock has a market cap of $19.59 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm earned $5.70 earnings per share. Ulta Beauty’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty, Inc. will post 25.45 earnings per share for the current fiscal year.
About Ulta Beauty
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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