Summit Trail Advisors LLC raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 127.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,631 shares of the specialty retailer's stock after purchasing an additional 915 shares during the period. Summit Trail Advisors LLC's holdings in Ulta Beauty were worth $598,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ULTA. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 25 shares in the last quarter. Westside Investment Management Inc. grew its position in Ulta Beauty by 32.5% in the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 27 shares in the last quarter. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after acquiring an additional 28 shares in the last quarter. Procyon Advisors LLC grew its position in Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after acquiring an additional 29 shares in the last quarter. Finally, Lido Advisors LLC grew its position in Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 30 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have commented on ULTA. Oppenheimer boosted their target price on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $520.00 target price on shares of Ulta Beauty in a research report on Thursday, June 26th. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. UBS Group upped their price objective 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. Finally, Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $462.22.
Read Our Latest Report on Ulta Beauty
Ulta Beauty Trading Up 0.6%
NASDAQ ULTA traded up $2.84 on Thursday, reaching $477.68. The company's stock had a trading volume of 391,801 shares, compared to its average volume of 1,043,589. The firm has a market cap of $21.47 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.08. The business has a 50-day moving average price of $435.40 and a 200 day moving average price of $401.61. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $491.98.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.47 earnings per share. Analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share 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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