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Louisiana State Employees Retirement System purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,300 shares of the specialty retailer’s stock, valued at approximately $1,324,000.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after purchasing an additional 40,190 shares during the last quarter. Wellington Management Group LLP grew 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 valued at $906,392,000 after buying an additional 685,026 shares during the last quarter. Goldman Sachs Group Inc. grew 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 valued at $362,536,000 after buying an additional 495,734 shares during the last quarter. FMR LLC grew 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 valued at $289,899,000 after buying an additional 366,138 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in 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 during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on ULTA. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty to $535.00 in a research note on Monday, November 28th. Oppenheimer raised their target price on shares of Ulta Beauty from $505.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, December 2nd. Citigroup raised their target price on shares of Ulta Beauty from $480.00 to $500.00 in a research note on Friday, December 2nd. Barclays raised their target price on shares of Ulta Beauty from $511.00 to $548.00 and gave the company an “overweight” rating in a research note on Monday, December 5th. Finally, Telsey Advisory Group raised their price target on shares of Ulta Beauty from $510.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, December 2nd. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $513.45.
Ulta Beauty Stock Performance
NASDAQ:ULTA opened at $469.07 on Friday. The company has a 50-day moving average of $443.01 and a 200-day moving average of $415.44. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.48 and a beta of 1.32. Ulta Beauty, Inc. has a 52 week low of $330.80 and a 52 week high of $483.80.
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 (EPS) for the quarter, beating the consensus estimate of $4.09 by $1.25. Ulta Beauty had a net margin of 12.26% and a return on equity of 68.33%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the firm posted $3.94 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Sell-side analysts forecast that Ulta Beauty, Inc. will post 22.87 EPS for the current year.
About Ulta Beauty
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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