Berkeley Inc raised its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,096 shares of the specialty retailer's stock after buying an additional 656 shares during the quarter. Ulta Beauty accounts for 1.9% of Berkeley Inc's holdings, making the stock its 20th biggest holding. Berkeley Inc's holdings in Ulta Beauty were worth $4,067,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Ulta Beauty by 52.9% during the 1st quarter. CWM LLC now owns 13,133 shares of the specialty retailer's stock valued at $4,814,000 after acquiring an additional 4,542 shares during the period. Schear Investment Advisers LLC lifted its position in Ulta Beauty by 5.4% during the first quarter. Schear Investment Advisers LLC now owns 4,490 shares of the specialty retailer's stock worth $1,646,000 after purchasing an additional 231 shares during the period. TruNorth Capital Management LLC lifted its position in Ulta Beauty by 179.0% during the first quarter. TruNorth Capital Management LLC now owns 279 shares of the specialty retailer's stock worth $102,000 after purchasing an additional 179 shares during the period. Stephens Inc. AR grew its stake in Ulta Beauty by 1.7% during the first quarter. Stephens Inc. AR now owns 18,270 shares of the specialty retailer's stock worth $6,697,000 after buying an additional 305 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Ulta Beauty by 13.7% in the 1st quarter. New York State Common Retirement Fund now owns 31,386 shares of the specialty retailer's stock valued at $11,504,000 after buying an additional 3,770 shares during the period. Institutional investors own 90.39% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a report on Saturday, June 28th. Raymond James Financial reissued an "outperform" rating and set a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Finally, Loop Capital reissued a "buy" rating and set a $510.00 target price (up previously from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $465.04.
View Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA traded up $0.70 during midday trading on Friday, hitting $476.84. 474,112 shares of the stock traded hands, compared to its average volume of 1,044,466. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $498.52. The business has a 50 day moving average price of $445.81 and a two-hundred day moving average price of $403.50. The company has a market cap of $21.43 billion, a PE ratio of 18.63, a P/E/G ratio of 2.89 and a beta of 1.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. Ulta Beauty's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.47 EPS. As a group, equities research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
Ulta Beauty Company Profile
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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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