Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 45.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,977 shares of the specialty retailer's stock after acquiring an additional 77,340 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.55% of Ulta Beauty worth $90,527,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Ulta Beauty by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after acquiring an additional 11,205 shares during the period. Capital World Investors purchased a new position in Ulta Beauty during the 4th quarter worth $430,674,000. Deutsche Bank AG increased its holdings in Ulta Beauty by 1.4% during the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock worth $285,123,000 after purchasing an additional 9,291 shares during the period. Northern Trust Corp increased its holdings in Ulta Beauty by 14.7% during the 4th quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock worth $244,498,000 after purchasing an additional 72,004 shares during the period. Finally, Norges Bank purchased a new position in Ulta Beauty during the 4th quarter worth $239,432,000. 90.39% of the stock is owned by institutional investors.
Ulta Beauty Stock Performance
ULTA traded up $5.33 during trading on Tuesday, reaching $502.74. The company's stock had a trading volume of 598,590 shares, compared to its average volume of 1,036,108. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $504.83. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. The company's fifty day moving average price is $455.14 and its 200-day moving average price is $404.92.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.47 EPS. Equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on ULTA shares. Citigroup lifted their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $500.00 price objective (up from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Oppenheimer upped their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Argus lowered shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, UBS Group increased their price target on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a report 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 assigned a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.04.
View Our Latest Stock Report on Ulta Beauty
About Ulta Beauty
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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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