Mmbg Investment Advisors CO. acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 844 shares of the specialty retailer's stock, valued at approximately $309,000.
Several other large investors also recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC increased its position in shares of 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 acquired a new stake in shares of Ulta Beauty in the first quarter worth $29,000. Rakuten Securities Inc. increased its position in shares of 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 holdings in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 40 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Ulta Beauty during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 price target on shares of Ulta Beauty in a report on Thursday. Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America lowered their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Loop Capital reaffirmed a "buy" rating and set a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Finally, Piper Sandler reiterated a "neutral" rating and set a $437.00 price objective (up 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 assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $462.22.
Read Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Stock Up 0.1%
Shares of NASDAQ:ULTA opened at $458.27 on Friday. The company has a market cap of $20.60 billion, a PE ratio of 17.90, a P/E/G ratio of 2.76 and a beta of 1.09. The company's 50-day moving average price is $427.68 and its 200 day moving average price is $400.09. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98.
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 for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. Ulta Beauty's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $6.47 EPS. As a group, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Insider Buying and Selling at Ulta Beauty
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 shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.
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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