MML Investors Services LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,553 shares of the specialty retailer's stock after acquiring an additional 2,868 shares during the period. MML Investors Services LLC's holdings in Ulta Beauty were worth $5,025,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its stake in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Ulta Beauty during the 4th quarter valued at about $43,000. Institutional investors own 90.39% of the company's stock.
Insider Activity
In other news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.39% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on ULTA shares. Piper Sandler reduced their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Citigroup reduced their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. TD Cowen boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Ulta Beauty from $310.00 to $300.00 and set an "underweight" rating on the stock in a research note on Wednesday. Finally, B. Riley lowered their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $427.17.
Check Out Our Latest Stock Report on Ulta Beauty
Ulta Beauty Trading Down 0.5 %
Ulta Beauty stock traded down $2.14 on Thursday, hitting $393.51. 117,892 shares of the stock traded hands, compared to its average volume of 1,050,313. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The firm has a market cap of $17.77 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The business's fifty day simple moving average is $360.02 and its 200 day simple moving average is $383.04.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Ulta Beauty Company Profile
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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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