Canada Pension Plan Investment Board boosted its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 178.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,518 shares of the specialty retailer's stock after purchasing an additional 64,381 shares during the period. Canada Pension Plan Investment Board owned about 0.22% of Ulta Beauty worth $36,844,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lido Advisors LLC raised its stake in shares of Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after acquiring an additional 30 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at $398,000. BNP Paribas raised its stake in shares of Ulta Beauty by 28.0% during the fourth quarter. BNP Paribas now owns 1,330 shares of the specialty retailer's stock valued at $576,000 after acquiring an additional 291 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new position in shares of Ulta Beauty during the fourth quarter valued at $13,981,000. Finally, Bayesian Capital Management LP bought a new position in shares of Ulta Beauty during the fourth quarter valued at $3,720,000. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Down 7.1%
ULTA opened at $492.73 on Monday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $538.59. The company has a fifty day moving average of $498.99 and a 200-day moving average of $427.60. The stock has a market cap of $22.09 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. Ulta Beauty's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.30 earnings per share. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Jefferies Financial Group raised their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Bank of America raised their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $534.75.
View Our Latest Analysis on ULTA
Ulta Beauty Profile
(
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.
Further Reading
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