Concurrent Investment Advisors LLC Invests $201,000 in Ulta Beauty Inc. (NASDAQ:ULTA)

Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 549 shares of the specialty retailer's stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC boosted its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. boosted its holdings in shares of Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 40 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded up $3.91 during trading on Thursday, hitting $488.99. 118,530 shares of the company were exchanged, compared to its average volume of 1,035,760. The company has a market cap of $21.98 billion, a PE ratio of 19.10, a P/E/G ratio of 2.87 and a beta of 1.08. The stock has a 50 day moving average of $451.10 and a 200 day moving average of $404.51. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $498.52.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released 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 firm 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%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $6.47 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ULTA. Citigroup upped their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Piper Sandler reiterated a "neutral" rating and set a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. DA Davidson upped their price target on shares of Ulta Beauty from $485.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $465.04.

Ulta Beauty Company Profile

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.