Victory Capital Management Inc. grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 33.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,822 shares of the specialty retailer's stock after purchasing an additional 53,769 shares during the quarter. Victory Capital Management Inc. owned about 0.47% of Ulta Beauty worth $78,008,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in ULTA. Creative Financial Designs Inc. ADV lifted its stake in Ulta Beauty by 19.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the specialty retailer's stock valued at $172,000 after acquiring an additional 63 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Ulta Beauty by 1.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 10,857 shares of the specialty retailer's stock worth $4,722,000 after purchasing an additional 159 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $985,000. Vinva Investment Management Ltd acquired a new stake in Ulta Beauty in the 4th quarter valued at about $366,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Ulta Beauty by 1,271.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,440 shares of the specialty retailer's stock worth $622,000 after purchasing an additional 1,335 shares during the period. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Price Performance
ULTA stock traded up $3.23 during trading on Friday, reaching $493.30. 419,565 shares of the company were exchanged, compared to its average volume of 1,037,254. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 2.97 and a beta of 1.08. The company has a 50-day moving average of $453.14 and a two-hundred day moving average of $404.89. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $498.52.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business earned $6.47 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on ULTA. Telsey Advisory Group reissued an "outperform" rating and set a $520.00 target price on shares of Ulta Beauty in a report on Friday, July 11th. DA Davidson increased their price objective on shares of Ulta Beauty from $485.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Robert W. Baird raised their target price on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Citigroup upped their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Finally, Barclays raised their price objective on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $465.04.
Check Out Our Latest Stock Report on Ulta Beauty
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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