KBC Group NV lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 117.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,923 shares of the specialty retailer's stock after purchasing an additional 18,886 shares during the quarter. KBC Group NV owned about 0.08% of Ulta Beauty worth $12,800,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 37 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Ulta Beauty by 17.9% in 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 acquiring an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Ulta Beauty by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after acquiring an additional 152 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock worth $275,000 after acquiring an additional 415 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Ulta Beauty by 26.4% in the fourth quarter. Alliancebernstein L.P. now owns 73,137 shares of the specialty retailer's stock worth $31,809,000 after acquiring an additional 15,258 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.
Ulta Beauty Stock Performance
ULTA stock traded up $2.84 during midday trading on Friday, reaching $477.68. 391,801 shares of the company traded hands, compared to its average volume of 1,045,569. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $491.98. The business has a 50 day moving average of $437.28 and a 200-day moving average of $401.99. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.90 and a beta of 1.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business posted $6.47 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ULTA. Barclays upped their price target on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Raymond James Financial reissued an "outperform" rating and set a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. BMO Capital Markets dropped their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Finally, Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $462.22.
View Our Latest Research Report 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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