Janney Montgomery Scott LLC decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,123 shares of the specialty retailer's stock after selling 4,733 shares during the period. Janney Montgomery Scott LLC's holdings in Ulta Beauty were worth $7,009,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its position in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after buying an additional 34 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Ulta Beauty during the first quarter worth $29,000. North Star Investment Management Corp. boosted its holdings in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Ulta Beauty during the first quarter worth $37,000. Finally, CVA Family Office LLC boosted its holdings in shares of Ulta Beauty by 57.1% during the first quarter. CVA Family Office LLC now owns 110 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Trading Up 0.1%
Ulta Beauty stock traded up $0.39 during midday trading on Friday, hitting $473.85. The stock had a trading volume of 1,231,532 shares, compared to its average volume of 1,043,714. The stock has a market cap of $21.30 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.80 and a beta of 1.09. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $491.98. The business has a fifty day moving average price of $417.25 and a 200 day moving average price of $398.53.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. Ulta Beauty's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.47 earnings per share. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ULTA has been the topic of several analyst reports. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Oppenheimer lifted their target price on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Truist Financial lifted their target price on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Finally, UBS Group lifted their target price on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty has a consensus rating of "Hold" and a consensus price target of $462.22.
Read Our Latest Research Report on Ulta Beauty
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by insiders.
Ulta Beauty Profile
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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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