Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Ulta Beauty by 11.4% during the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s stock worth $1,746,223,000 after purchasing an additional 434,595 shares during the last quarter. State Street Corp lifted its holdings in Ulta Beauty by 5.3% in the fourth quarter. State Street Corp now owns 2,208,301 shares of the specialty retailer’s stock valued at $910,571,000 after acquiring an additional 110,198 shares during the last quarter. Northern Trust Corp lifted its holdings in Ulta Beauty by 7.4% in the fourth quarter. Northern Trust Corp now owns 625,289 shares of the specialty retailer’s stock valued at $257,832,000 after acquiring an additional 42,873 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ulta Beauty by 1.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 504,380 shares of the specialty retailer’s stock valued at $207,975,000 after acquiring an additional 5,528 shares during the last quarter. Finally, Norges Bank acquired a new position in Ulta Beauty in the fourth quarter valued at approximately $202,400,000. 89.20% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Price Performance
NASDAQ:ULTA opened at $379.39 on Tuesday. The firm has a market capitalization of $19.66 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. The business’s fifty day moving average price is $395.62 and its 200 day moving average price is $387.98. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $438.63.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $1.86. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm posted $4.10 earnings per share. Ulta Beauty’s revenue for the quarter was up 21.0% on a year-over-year basis. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 20.07 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on ULTA shares. JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. Barclays upped their price objective on Ulta Beauty from $469.00 to $491.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Credit Suisse Group upped their price objective on Ulta Beauty from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Wednesday, June 15th. DA Davidson upped their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, June 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.05.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the transaction, the director now owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Kecia Steelman sold 13,199 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares in the company, valued at $6,734,267.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the sale, the director now owns 2,393 shares of the company’s stock, valued at approximately $937,673.12. The disclosure for this sale can be found here. Insiders sold 46,207 shares of company stock worth $19,411,502 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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