DekaBank Deutsche Girozentrale Grows Stock Position in Ulta Beauty Inc. (NASDAQ:ULTA)

DekaBank Deutsche Girozentrale grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214,653 shares of the specialty retailer's stock after purchasing an additional 5,238 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.47% of Ulta Beauty worth $76,079,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ULTA. Crossmark Global Holdings Inc. boosted its stake in Ulta Beauty by 20.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,656 shares of the specialty retailer's stock worth $974,000 after acquiring an additional 460 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Ulta Beauty by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 50,987 shares of the specialty retailer's stock valued at $18,689,000 after purchasing an additional 1,149 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Ulta Beauty during the first quarter worth $201,000. Simmons Bank increased its holdings in Ulta Beauty by 8.5% during the first quarter. Simmons Bank now owns 5,559 shares of the specialty retailer's stock worth $2,038,000 after buying an additional 435 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Ulta Beauty by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 277,208 shares of the specialty retailer's stock valued at $101,608,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ULTA. B. Riley reduced their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Raymond James Financial reiterated an "outperform" rating and issued a $500.00 price objective (up previously from $450.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Evercore ISI boosted their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Truist Financial lifted their price objective 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. Finally, BMO Capital Markets cut their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty currently has an average rating of "Moderate Buy" and an average price target of $465.04.

Ulta Beauty Stock Up 0.1%

Shares of NASDAQ:ULTA traded up $0.70 on Friday, hitting $476.84. 474,112 shares of the company traded hands, compared to its average volume of 1,044,466. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $498.52. The stock has a 50 day simple moving average of $445.81 and a 200-day simple moving average of $403.50. The company has a market cap of $21.43 billion, a PE ratio of 18.63, a PEG ratio of 2.89 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $6.47 earnings per share. As a group, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.