Sumitomo Mitsui Financial Group Inc. raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,558 shares of the specialty retailer's stock after purchasing an additional 5,931 shares during the period. Sumitomo Mitsui Financial Group Inc.'s holdings in Ulta Beauty were worth $7,535,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. American National Bank & Trust bought a new position in Ulta Beauty during the 1st quarter worth $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty during the 1st quarter worth $31,000. Rakuten Securities Inc. raised its position in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares during the last quarter. North Star Investment Management Corp. raised its position in Ulta Beauty by 71.4% during the 1st 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. Finally, Costello Asset Management INC bought a new position in Ulta Beauty during the 1st quarter worth $37,000. 90.39% of the stock is owned by institutional investors.
Ulta Beauty Price Performance
Shares of ULTA traded up $9.32 during trading hours on Friday, hitting $529.50. The stock had a trading volume of 624,262 shares, compared to its average volume of 555,550. The firm has a 50 day simple moving average of $494.13 and a 200-day simple moving average of $422.14. The firm has a market capitalization of $23.80 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.12. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $534.10.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS 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 the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $6.47 EPS. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. Equities analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ULTA shares. Truist Financial lifted their price objective on Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Robert W. Baird lifted their price objective on Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Barclays raised Ulta Beauty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $518.00 to $589.00 in a research report on Friday. Piper Sandler reissued a "neutral" rating and issued a $437.00 price objective (up from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Finally, UBS Group lifted their price objective on Ulta Beauty from $525.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $487.96.
Read Our Latest Analysis on ULTA
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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