Golden State Wealth Management LLC raised its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 112.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,134 shares of the specialty retailer's stock after purchasing an additional 599 shares during the quarter. Golden State Wealth Management LLC's holdings in Ulta Beauty were worth $416,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC grew its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the period. American National Bank & Trust acquired a new stake in Ulta Beauty in the first quarter valued at approximately $29,000. Rakuten Securities Inc. grew its stake 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 stake 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, NBC Securities Inc. acquired a new stake in Ulta Beauty in the first quarter valued at approximately $37,000. 90.39% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.
Ulta Beauty Price Performance
Shares of ULTA traded up $0.61 during mid-day trading on Friday, hitting $458.27. The stock had a trading volume of 1,372,385 shares, compared to its average volume of 1,045,928. The firm has a market cap of $20.60 billion, a P/E ratio of 17.90, a PEG ratio of 2.76 and a beta of 1.09. The business has a fifty day moving average price of $427.68 and a 200-day moving average price of $400.30. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $491.98.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion during 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%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $6.47 earnings per share. As a group, research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ULTA shares. Robert W. Baird lifted their target price on Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Morgan Stanley lifted their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup lifted their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Finally, Canaccord Genuity Group lifted their target price on Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $462.22.
Read Our Latest Stock Analysis on ULTA
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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