Jefferies Financial Group Inc. lessened its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,359 shares of the specialty retailer's stock after selling 1,270 shares during the period. Jefferies Financial Group Inc.'s holdings in Ulta Beauty were worth $498,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of ULTA. Mirae Asset Global Investments Co. Ltd. boosted its position in Ulta Beauty by 17.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock worth $2,190,000 after purchasing an additional 924 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of Ulta Beauty by 14.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after buying an additional 152 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Ulta Beauty in the first quarter valued at about $201,000. Farther Finance Advisors LLC grew its stake in shares of Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock valued at $275,000 after acquiring an additional 415 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Ulta Beauty by 6.0% during the first quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock worth $444,000 after acquiring an additional 69 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Trading Down 1.9%
NASDAQ:ULTA traded down $10.02 during mid-day trading on Thursday, hitting $506.17. 799,576 shares of the company's stock were exchanged, compared to its average volume of 537,293. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $523.68. The firm has a market capitalization of $22.75 billion, a P/E ratio of 19.77, a PEG ratio of 3.12 and a beta of 1.12. The company has a 50 day simple moving average of $482.80 and a 200-day simple moving average of $414.36.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.47 earnings per share. As a group, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a report on Friday, May 30th. DA Davidson boosted their price target on Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $477.00 to $525.00 and gave the stock 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 report on Monday, April 14th. Finally, Barclays upped their target price on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average target price of $469.09.
View Our Latest Stock Analysis on Ulta Beauty
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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