Ulta Beauty Inc. (NASDAQ:ULTA) Stock Holdings Boosted by Keybank National Association OH

Keybank National Association OH lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,534 shares of the specialty retailer's stock after buying an additional 13,153 shares during the period. Keybank National Association OH owned approximately 0.29% of Ulta Beauty worth $48,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. LaFleur & Godfrey LLC lifted its stake in shares of Ulta Beauty by 32.1% in the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock worth $1,068,000 after acquiring an additional 596 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of 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. Jones Financial Companies Lllp lifted its stake in shares of Ulta Beauty by 38.0% in the fourth quarter. Jones Financial Companies Lllp now owns 28,500 shares of the specialty retailer's stock worth $12,396,000 after acquiring an additional 7,851 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $88,000. Finally, Plato Investment Management Ltd lifted its stake in shares of Ulta Beauty by 658.1% in the fourth quarter. Plato Investment Management Ltd now owns 1,721 shares of the specialty retailer's stock worth $751,000 after acquiring an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

ULTA stock traded up $2.84 on Thursday, reaching $477.68. The company's stock had a trading volume of 391,801 shares, compared to its average volume of 1,043,589. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $491.98. The company has a market capitalization of $21.47 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.08. The firm has a fifty day moving average of $435.40 and a two-hundred day moving average of $401.61.

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, topping 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 during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company posted $6.47 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Loop Capital reiterated a "buy" rating and issued a $510.00 price target (up previously from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. DA Davidson upped their price objective on Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Evercore ISI upped their price objective on Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Finally, Piper Sandler restated a "neutral" rating and set a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of "Moderate Buy" and an average price target of $462.22.

Ulta Beauty Company Profile

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.