Allen Capital Group LLC grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 119.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,285 shares of the specialty retailer's stock after acquiring an additional 3,420 shares during the period. Allen Capital Group LLC's holdings in Ulta Beauty were worth $2,304,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock worth $2,190,000 after buying an additional 924 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in Ulta Beauty by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock valued at $435,000 after purchasing an additional 152 shares during the period. Concurrent Investment Advisors LLC bought a new position in Ulta Beauty in the 1st quarter valued at $201,000. Farther Finance Advisors LLC boosted its holdings in Ulta Beauty by 128.9% in the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock valued at $275,000 after purchasing an additional 415 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Ulta Beauty by 26.4% in the 4th quarter. Alliancebernstein L.P. now owns 73,137 shares of the specialty retailer's stock valued at $31,809,000 after purchasing an additional 15,258 shares during the period. 90.39% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a report on Saturday, June 28th. Robert W. Baird lifted their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Loop Capital reaffirmed a "buy" rating and set a $510.00 price objective (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Truist Financial lifted their target price 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. Finally, Morgan Stanley lifted their target price on shares of Ulta Beauty from $460.00 to $550.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $465.04.
View Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Price Performance
NASDAQ:ULTA traded up $4.99 during mid-day trading on Thursday, hitting $490.07. 571,894 shares of the company's stock were exchanged, compared to its average volume of 927,135. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $498.52. The business has a fifty day moving average price of $451.10 and a 200 day moving average price of $404.51. The company has a market cap of $22.03 billion, a PE ratio of 19.14, a P/E/G ratio of 2.87 and a beta of 1.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 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 business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm posted $6.47 earnings per share. Ulta Beauty's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
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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