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Deutsche Bank AG Has $219.05 Million Position in Ulta Beauty Inc. (NASDAQ:ULTA)

Ulta Beauty logo with Retail/Wholesale background

Key Points

  • Deutsche Bank AG reduced its stake in Ulta Beauty Inc. by 8.8%, now owning 597,602 shares valued at approximately $219 million.
  • Ulta Beauty beat earnings expectations with an EPS of $6.70 for the last quarter, outperforming the forecast of $5.73 while generating $2.85 billion in revenue.
  • The stock currently has a market capitalization of $22.39 billion and a consensus target price of $469.09 with an average rating of "Hold" from analysts.
  • Want stock alerts on Ulta Beauty? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Deutsche Bank AG cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 597,602 shares of the specialty retailer's stock after selling 57,959 shares during the period. Deutsche Bank AG owned about 1.32% of Ulta Beauty worth $219,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in Ulta Beauty in the first quarter valued at $31,000. Rakuten Securities Inc. grew its position in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the period. North Star Investment Management Corp. grew its position in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 40 shares during the period. Finally, Costello Asset Management INC bought a new stake in Ulta Beauty in the first quarter valued at $37,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

ULTA stock traded up $17.32 during mid-day trading on Tuesday, reaching $516.02. The company had a trading volume of 845,306 shares, compared to its average volume of 884,329. The stock has a 50 day simple moving average of $483.83 and a two-hundred day simple moving average of $415.40. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.01 and a beta of 1.12. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $523.68.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping 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 company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the company posted $6.47 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ULTA shares. Robert W. Baird increased their target price on Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. DA Davidson increased their target price on Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and issued a $437.00 target price (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Wells Fargo & Company raised their price target on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Finally, Barclays raised their price target on Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $473.00.

Get Our Latest Stock Analysis on Ulta Beauty

Ulta Beauty Company 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

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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