Illinois Municipal Retirement Fund trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,940 shares of the specialty retailer's stock after selling 1,183 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Ulta Beauty worth $11,341,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its position 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 worth $27,000 after acquiring an additional 34 shares in the last quarter. American National Bank & Trust purchased a new position in Ulta Beauty in the first quarter worth about $29,000. 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 worth $32,000 after acquiring an additional 59 shares in the last quarter. 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 worth $35,000 after acquiring an additional 40 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Ulta Beauty in the first quarter worth about $37,000. 90.39% of the stock is owned by institutional investors.
Ulta Beauty Stock Up 0.1%
NASDAQ:ULTA traded up $0.61 during mid-day trading on Friday, reaching $458.27. The company's stock had a trading volume of 1,372,385 shares, compared to its average volume of 1,045,928. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $491.98. The stock has a fifty day moving average of $427.68 and a 200-day moving average of $400.30. The firm has a market capitalization of $20.60 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.
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, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the company earned $6.47 EPS. The company's revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Insider Buying and Selling
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.
Analyst Ratings Changes
ULTA has been the subject of several recent research reports. Morgan Stanley lifted their price target on Ulta Beauty from $460.00 to $550.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Evercore ISI lifted their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. UBS Group lifted their price target on Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Wall Street Zen upgraded Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Loop Capital restated a "buy" rating and set a $510.00 target price (up previously from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $462.22.
Read 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.
Featured Stories
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
