Melissa Juried Kriebel
Sawtooth Solutions LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 4.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 627 shares of the specialty retailer’s stock after acquiring an additional 26 shares during the quarter. Sawtooth Solutions LLC’s holdings in Ulta Beauty were worth $252,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of Ulta Beauty by 7,441.9% in the 2nd quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock valued at $270,376,000 after buying an additional 692,100 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ulta Beauty by 43.1% in the 1st quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock worth $906,392,000 after purchasing an additional 685,026 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Ulta Beauty by 111.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after purchasing an additional 495,734 shares in the last quarter. FMR LLC boosted its stake in Ulta Beauty by 94.9% in the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock worth $289,899,000 after purchasing an additional 366,138 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Ulta Beauty in the 1st quarter worth approximately $69,399,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Ulta Beauty Trading Down 0.1 %
ULTA stock opened at $456.40 on Friday. The business has a 50 day simple moving average of $435.81 and a 200-day simple moving average of $413.55. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $483.80. The company has a market capitalization of $23.22 billion, a P/E ratio of 20.06, a PEG ratio of 1.44 and a beta of 1.32.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.09 by $1.25. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Ulta Beauty had a return on equity of 68.33% and a net margin of 12.26%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $3.94 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty to $535.00 in a research note on Monday, November 28th. StockNews.com upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ulta Beauty from $589.00 to $607.00 in a report on Friday, December 2nd. Credit Suisse Group lifted their target price on shares of Ulta Beauty to $535.00 in a report on Friday, December 2nd. Finally, The Goldman Sachs Group lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and cut their target price for the company from $511.00 to $508.00 in a report on Monday, December 12th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $513.45.
Ulta Beauty 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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