Vident Advisory LLC Acquires 663 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Vident Advisory LLC has increased its holdings in Ulta Beauty Inc. by 57.2%, now owning a total of 1,823 shares valued at $668,000.
• Wall Street analysts have a consensus rating of "Hold" on Ulta Beauty, with a target price averaging $543.13, indicating anticipated growth potential.
• Ulta Beauty reported earnings of $5.78 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $2.79 billion, which is a 9.3% increase year-over-year.

Vident Advisory LLC lifted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 57.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,823 shares of the specialty retailer's stock after purchasing an additional 663 shares during the quarter. Vident Advisory LLC's holdings in Ulta Beauty were worth $668,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wambolt & Associates LLC increased its stake in Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock valued at $626,000 after acquiring an additional 26 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 27 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Ulta Beauty by 4.3% during the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after purchasing an additional 29 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after buying an additional 30 shares during the period. Finally, LaFleur & Godfrey LLC lifted its holdings in Ulta Beauty by 1.2% in the first quarter. LaFleur & Godfrey LLC now owns 2,485 shares of the specialty retailer's stock valued at $911,000 after buying an additional 30 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent analyst reports. Telsey Advisory Group boosted their target price on shares of Ulta Beauty from $590.00 to $610.00 and gave the company an "outperform" rating in a report on Tuesday. Loop Capital restated a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a report on Friday, July 25th. UBS Group lifted their price target on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Jefferies Financial Group lifted their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Finally, Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $543.13.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $514.86 on Friday. The firm has a 50-day moving average of $504.79 and a 200-day moving average of $432.06. The company has a market cap of $23.09 billion, a PE ratio of 19.74, a PEG ratio of 2.92 and a beta of 1.06. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.30 earnings per share. On average, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Profile

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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