Vanguard Group Inc. reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,375,540 shares of the specialty retailer's stock after selling 107,555 shares during the quarter. Vanguard Group Inc. owned about 11.91% of Ulta Beauty worth $1,970,350,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Costello Asset Management INC purchased a new stake in Ulta Beauty in the first quarter valued at $37,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Ulta Beauty by 14.3% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 400 shares of the specialty retailer's stock worth $147,000 after purchasing an additional 50 shares during the last quarter. UNIVEST FINANCIAL Corp raised its position in shares of Ulta Beauty by 95.4% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 20,676 shares of the specialty retailer's stock worth $7,579,000 after purchasing an additional 10,094 shares during the last quarter. Lindenwold Advisors INC grew its stake in Ulta Beauty by 36.5% during the 1st quarter. Lindenwold Advisors INC now owns 4,614 shares of the specialty retailer's stock valued at $1,691,000 after acquiring an additional 1,233 shares in the last quarter. Finally, EFG Asset Management Americas Corp. grew its stake in Ulta Beauty by 20.2% during the 1st quarter. EFG Asset Management Americas Corp. now owns 14,596 shares of the specialty retailer's stock valued at $5,350,000 after acquiring an additional 2,451 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Price Performance
Shares of NASDAQ:ULTA traded up $0.49 on Monday, reaching $498.70. The company's stock had a trading volume of 446,841 shares, compared to its average volume of 551,558. The stock's 50-day moving average is $483.83 and its two-hundred day moving average is $415.40. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $523.68. The stock has a market capitalization of $22.42 billion, a P/E ratio of 19.48, a PEG ratio of 3.01 and a beta of 1.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the prior year, the company earned $6.47 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ULTA has been the subject of a number of recent analyst reports. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Citigroup raised their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Canaccord Genuity Group increased their price objective on shares of Ulta Beauty from $542.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 price objective on shares of Ulta Beauty in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $469.09.
View Our Latest 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.
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