Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,544 shares of the specialty retailer's stock, valued at approximately $1,106,000.
Several other large investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in shares of Ulta Beauty by 28.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after buying an additional 37 shares in the last quarter. Savant Capital LLC raised its stake in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after buying an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after buying an additional 288 shares in the last quarter. Buckhead Capital Management LLC grew its holdings in shares of Ulta Beauty by 15.6% in the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Coerente Capital Management grew its holdings in shares of Ulta Beauty by 18.8% in the 4th quarter. Coerente Capital Management now owns 36,864 shares of the specialty retailer's stock worth $16,033,000 after purchasing an additional 5,830 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Price Performance
ULTA stock traded up $3.31 during midday trading on Thursday, reaching $420.32. 683,743 shares of the company were exchanged, compared to its average volume of 1,048,262. The business has a 50-day moving average price of $381.61 and a two-hundred day moving average price of $387.08. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.08 earnings per share. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ULTA has been the topic of several analyst reports. Truist Financial upped their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Piper Sandler reissued a "neutral" rating on shares of Ulta Beauty in a report on Thursday, May 15th. Stifel Nicolaus decreased their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. B. Riley cut their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Citigroup restated a "neutral" rating and set a $425.00 target price (up from $365.00) on shares of Ulta Beauty in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average price target of $424.78.
Check Out Our Latest Research Report on Ulta Beauty
Insider Activity
In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by company insiders.
About Ulta Beauty
(
Free Report)
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.
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