Amundi trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,226 shares of the specialty retailer's stock after selling 97,013 shares during the quarter. Amundi owned 0.78% of Ulta Beauty worth $129,902,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ulta Beauty by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock worth $2,190,000 after purchasing an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Ulta Beauty by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after acquiring an additional 152 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Ulta Beauty during the 1st quarter valued at about $201,000. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 415 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter worth about $250,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Stock Up 1.0%
Shares of NASDAQ ULTA traded up $4.95 during midday trading on Monday, reaching $519.81. 720,522 shares of the company were exchanged, compared to its average volume of 902,338. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $539.00. The stock has a market cap of $23.31 billion, a P/E ratio of 19.93, a PEG ratio of 2.83 and a beta of 1.06. The stock's 50-day moving average price is $505.83 and its 200-day moving average price is $434.13.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business earned $5.30 earnings per share. Ulta Beauty's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Insider Buying and Selling at Ulta Beauty
In related news, Director Mike C. Smith sold 500 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares of the company's stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ULTA shares. Raymond James Financial restated an "outperform" rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Bank of America increased their price target on Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Wells Fargo & Company upped their price objective on Ulta Beauty from $400.00 to $425.00 and gave the company an "underweight" rating in a research note on Friday, August 29th. Piper Sandler began coverage on Ulta Beauty in a research report on Thursday. They issued an "overweight" rating and a $590.00 target price on the stock. Finally, Canaccord Genuity Group set a $650.00 price target on Ulta Beauty in a research report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $543.13.
Read Our Latest Research Report on ULTA
About Ulta Beauty
(
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.
See Also
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
