South Dakota Investment Council increased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 181.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,550 shares of the specialty retailer's stock after buying an additional 1,000 shares during the quarter. South Dakota Investment Council's holdings in Ulta Beauty were worth $568,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of ULTA. Capital World Investors bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $430,674,000. Norges Bank acquired a new position in shares of Ulta Beauty in the fourth quarter valued at $239,432,000. Marshall Wace LLP raised its holdings in Ulta Beauty by 10,336.7% in the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after buying an additional 454,711 shares during the last quarter. GAMMA Investing LLC grew its position in Ulta Beauty by 38,770.6% in the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after purchasing an additional 442,372 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ulta Beauty in the 4th quarter worth about $73,780,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on ULTA shares. Wells Fargo & Company boosted their price target on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. Canaccord Genuity Group upped their price objective on Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Robert W. Baird increased their target price on Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, Evercore ISI lifted their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $465.04.
Read Our Latest Research Report on Ulta Beauty
Ulta Beauty Price Performance
NASDAQ ULTA opened at $497.41 on Tuesday. The company's fifty day moving average is $455.14 and its two-hundred day moving average is $404.92. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 2.99 and a beta of 1.08. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $500.95.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share 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 company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the prior year, the business earned $6.47 earnings per share. Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
Ulta Beauty Company Profile
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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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