Aigen Investment Management LP lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 66.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,451 shares of the specialty retailer's stock after selling 4,934 shares during the quarter. Aigen Investment Management LP's holdings in Ulta Beauty were worth $898,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors bought a new position in Ulta Beauty in the 4th quarter valued at approximately $430,674,000. Marshall Wace LLP raised its holdings in Ulta Beauty by 10,336.7% in the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after buying an additional 454,711 shares during the last quarter. GAMMA Investing LLC raised its holdings in Ulta Beauty by 38,770.6% in the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after buying an additional 442,372 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after buying an additional 410,900 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after buying an additional 216,089 shares during the last quarter. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Trading Down 1.6%
Shares of NASDAQ:ULTA opened at $498.21 on Monday. The stock's fifty day simple moving average is $483.37 and its two-hundred day simple moving average is $414.83. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $523.68. The stock has a market cap of $22.39 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period last year, the business earned $6.47 EPS. The business's revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on ULTA. Morgan Stanley increased their target price on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Citigroup increased their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Evercore ISI increased their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Truist Financial increased their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $469.09.
Check Out Our Latest Analysis on Ulta Beauty
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.
See Also
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