Evergreen Private Wealth LLC Buys 616 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Evergreen Private Wealth LLC increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,518 shares of the specialty retailer's stock after purchasing an additional 616 shares during the quarter. Ulta Beauty comprises about 1.8% of Evergreen Private Wealth LLC's portfolio, making the stock its 26th biggest holding. Evergreen Private Wealth LLC's holdings in Ulta Beauty were worth $3,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ULTA. Westside Investment Management Inc. lifted its holdings in Ulta Beauty by 32.5% in the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after acquiring an additional 28 shares during the last quarter. Procyon Advisors LLC lifted its holdings in Ulta Beauty by 4.3% in the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock valued at $259,000 after acquiring an additional 29 shares during the last quarter. Lido Advisors LLC lifted its holdings in Ulta Beauty by 5.0% in the 4th 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. Finally, Sagespring Wealth Partners LLC raised its holdings in Ulta Beauty by 5.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock worth $229,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Ulta Beauty stock traded down $5.89 during trading hours on Tuesday, reaching $473.78. 552,400 shares of the company's stock traded hands, compared to its average volume of 1,039,983. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $498.52. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.91 and a beta of 1.08. The firm's 50 day moving average is $447.52 and its 200-day moving average is $403.46.

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

Analyst Ratings Changes

Several research analysts have commented on ULTA shares. Truist Financial raised their target price 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. Loop Capital reissued a "buy" rating and issued a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 price objective on shares of Ulta Beauty in a research report on Friday. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and increased their price target for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $465.04.

About Ulta Beauty

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.