Raymond James Financial Inc. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 14.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,327 shares of the specialty retailer's stock after purchasing an additional 9,614 shares during the period. Raymond James Financial Inc. owned approximately 0.16% of Ulta Beauty worth $27,244,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. American National Bank & Trust acquired a new position in Ulta Beauty during the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new position in Ulta Beauty in the first quarter valued at about $31,000. Rakuten Securities Inc. grew its stake in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 40 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Ulta Beauty in the first quarter valued at approximately $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ULTA has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a research report on Tuesday. Barclays upgraded Ulta Beauty from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $518.00 to $589.00 in a research note on Friday, August 22nd. Robert W. Baird boosted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial boosted their price target on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Evercore ISI raised their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $534.75.
Read Our Latest Stock Analysis on ULTA
Ulta Beauty Trading Down 6.7%
Shares of ULTA traded down $35.70 during mid-day trading on Friday, hitting $494.94. 2,094,512 shares of the company traded hands, compared to its average volume of 880,080. The business has a 50-day moving average of $498.62 and a 200 day moving average of $425.95. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $538.59. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 3.20 and a beta of 1.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm earned $5.30 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
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.
Featured Stories

Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.