Focus Partners Advisor Solutions LLC bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,483 shares of the specialty retailer's stock, valued at approximately $544,000.
A number of other hedge funds also recently made changes to their positions in the stock. Wambolt & Associates LLC boosted its stake in shares of Ulta Beauty by 1.6% in the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock valued at $626,000 after purchasing an additional 26 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 27 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of 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 purchasing an additional 29 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in shares of Ulta Beauty by 5.0% in the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 30 shares in the last quarter. Finally, LaFleur & Godfrey LLC boosted its stake in shares of Ulta Beauty by 1.2% in the 1st quarter. LaFleur & Godfrey LLC now owns 2,485 shares of the specialty retailer's stock valued at $911,000 after purchasing an additional 30 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $590.00 to $610.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 2nd. Raymond James Financial reiterated an "outperform" rating and set a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, DA Davidson lifted their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $543.13.
Check Out Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Price Performance
NASDAQ ULTA traded down $14.64 during mid-day trading on Friday, reaching $514.86. 880,236 shares of the stock were exchanged, compared to its average volume of 902,338. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $539.00. The stock has a 50 day simple moving average of $504.79 and a 200-day simple moving average of $432.56. The stock has a market cap of $23.09 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.83 and a beta of 1.06.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm earned $5.30 earnings per share. Ulta Beauty's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
About Ulta Beauty
(
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.
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