Ulta Beauty Inc. (NASDAQ:ULTA) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 32.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,625 shares of the specialty retailer's stock after buying an additional 644 shares during the quarter. Wealthfront Advisers LLC's holdings in Ulta Beauty were worth $962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Capital World Investors acquired a new position in shares of Ulta Beauty during the 4th quarter valued at about $430,674,000. Norges Bank acquired a new position in Ulta Beauty during the fourth quarter worth about $239,432,000. Marshall Wace LLP raised its holdings in Ulta Beauty by 10,336.7% during the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after buying an additional 454,711 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after buying an additional 442,372 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ulta Beauty in the 4th quarter worth approximately $73,780,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 0.8%

NASDAQ:ULTA traded up $4.11 on Monday, reaching $497.41. 608,827 shares of the company's stock traded hands, compared to its average volume of 1,036,099. The stock has a 50-day simple moving average of $455.14 and a 200-day simple moving average of $404.92. The firm has a market cap of $22.36 billion, a PE ratio of 19.27, a P/E/G ratio of 2.99 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $501.10.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business posted $6.47 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ULTA shares. Wells Fargo & Company raised their price target on Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. Citigroup upped their price objective on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. UBS Group increased their target price on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Barclays raised their target price on Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Piper Sandler reissued a "neutral" rating and set a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Ulta Beauty has an average rating of "Moderate Buy" and an average target price of $465.04.

Ulta Beauty Company 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.