Skylands Capital LLC lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 52.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,325 shares of the specialty retailer's stock after purchasing an additional 1,835 shares during the period. Skylands Capital LLC's holdings in Ulta Beauty were worth $1,952,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ULTA. Prestige Wealth Management Group LLC grew its position in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares during the last quarter. American National Bank & Trust purchased a new position in shares of Ulta Beauty in the 1st quarter valued at $29,000. Rakuten Securities Inc. grew its position in shares of Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after buying an additional 59 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Ulta Beauty in the 1st quarter valued at $37,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Price Performance
Shares of ULTA stock traded up $0.61 during mid-day trading on Friday, hitting $458.27. The stock had a trading volume of 1,372,385 shares, compared to its average volume of 1,046,842. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The firm has a market cap of $20.60 billion, a PE ratio of 17.90, a PEG ratio of 2.76 and a beta of 1.09. The company's 50-day simple moving average is $427.68 and its 200-day simple moving average is $400.09.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating 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 analysts' expectations of $2.79 billion. During the same quarter last year, the business earned $6.47 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Insider Activity at Ulta Beauty
In related 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 value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Loop Capital reissued a "buy" rating and set a $510.00 price objective (up from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. Robert W. Baird raised their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. UBS Group raised their price objective on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Truist Financial raised their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. One investment 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $462.22.
Read Our Latest Stock Analysis on ULTA
Ulta Beauty Company Profile
(
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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