Poinciana Advisors Group LLC Acquires New Holdings in Ulta Beauty Inc. (NASDAQ:ULTA)

Poinciana Advisors Group LLC bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 588 shares of the specialty retailer's stock, valued at approximately $216,000.

Several other large investors have also recently bought and sold shares of ULTA. Capital World Investors bought a new stake in shares of Ulta Beauty during the fourth quarter worth $430,674,000. Norges Bank acquired a new stake in Ulta Beauty in the fourth quarter valued at $239,432,000. Marshall Wace LLP lifted its stake in Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after acquiring an additional 454,711 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ulta Beauty by 38,770.6% in the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after acquiring an additional 442,372 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $73,780,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ULTA. Barclays raised their target price on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their target price for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Stifel Nicolaus decreased their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Morgan Stanley lifted their price target on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, BMO Capital Markets reduced their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $465.04.

Ulta Beauty Trading Down 1.6%

ULTA opened at $475.57 on Thursday. The company's fifty day moving average price is $442.52 and its two-hundred day moving average price is $403.11. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $498.52. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.93 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business posted $6.47 EPS. The business's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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.

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