CWM LLC grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,133 shares of the specialty retailer's stock after buying an additional 4,542 shares during the quarter. CWM LLC's holdings in Ulta Beauty were worth $4,814,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC increased its holdings in Ulta Beauty by 121.4% in the fourth 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 bought a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $31,000. Rakuten Securities Inc. raised its position in shares of Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ULTA has been the topic of a number of research reports. Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a report on Saturday, June 28th. Oppenheimer increased their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. DA Davidson lifted their target price on Ulta Beauty from $485.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Canaccord Genuity Group increased their price target on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler restated a "neutral" rating and set a $437.00 price objective (up from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $465.04.
Get Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Trading Up 1.0%
NASDAQ:ULTA traded up $4.99 during mid-day trading on Thursday, reaching $490.07. 572,019 shares of the stock were exchanged, compared to its average volume of 1,038,721. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $498.52. The firm has a market capitalization of $22.03 billion, a PE ratio of 19.14, a PEG ratio of 2.94 and a beta of 1.08. The business has a fifty day moving average price of $451.10 and a 200 day moving average price of $404.51.
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, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $6.47 EPS. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current 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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