Wakefield Asset Management LLLP purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 802 shares of the specialty retailer's stock, valued at approximately $294,000.
Other hedge funds have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its stake in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares during the last quarter. American National Bank & Trust bought a new position in Ulta Beauty during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. boosted its stake in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after buying an additional 40 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Price Performance
Shares of NASDAQ:ULTA traded up $1.40 during midday trading on Friday, reaching $514.95. 466,057 shares of the company's stock were exchanged, compared to its average volume of 912,062. The firm's 50 day simple moving average is $462.62 and its two-hundred day simple moving average is $407.32. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $515.99. The stock has a market cap of $23.15 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 3.08 and a beta of 1.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating 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 firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the firm earned $6.47 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Loop Capital reissued a "hold" rating and set a $510.00 price target on shares of Ulta Beauty in a research report on Friday. Barclays increased their price objective on shares of Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Canaccord Genuity Group upped their target price on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group lifted their price target on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen upgraded Ulta Beauty from a "hold" rating to a "buy" rating in a report on Saturday, June 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $465.04.
Read Our Latest Research Report on ULTA
About Ulta Beauty
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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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