Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
Raymond James Financial Services Advisors Inc. raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 80.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,752 shares of the specialty retailer’s stock after acquiring an additional 24,858 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.11% of Ulta Beauty worth $22,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC grew its position in Ulta Beauty by 265.0% during the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock worth $28,000 after buying an additional 53 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Ulta Beauty in the third quarter worth approximately $30,000. GPS Wealth Strategies Group LLC increased its position in shares of Ulta Beauty by 76.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 81 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 35 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its stake in Ulta Beauty by 52.7% in the third quarter. Ronald Blue Trust Inc. now owns 84 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Analyst Ratings Changes
ULTA has been the subject of a number of research reports. StockNews.com cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Monday. Credit Suisse Group raised their price target on Ulta Beauty to $535.00 in a research report on Friday, December 2nd. Wells Fargo & Company lifted their price target on Ulta Beauty from $425.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Friday, December 2nd. Robert W. Baird increased their price objective on Ulta Beauty from $500.00 to $550.00 in a research report on Friday, December 2nd. Finally, DA Davidson raised their price objective on Ulta Beauty from $490.00 to $545.00 in a report on Friday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus target price of $514.24.
Ulta Beauty Price Performance
ULTA stock opened at $488.94 on Friday. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.54 and a beta of 1.29. The business has a 50 day simple moving average of $449.64 and a two-hundred day simple moving average of $417.57. Ulta Beauty, Inc. has a 1-year low of $330.80 and a 1-year high of $490.98.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 EPS for the quarter, beating analysts’ consensus estimates of $4.09 by $1.25. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.21 billion. Ulta Beauty had a return on equity of 68.33% and a net margin of 12.26%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.94 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal 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.
Featured Stories
Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating).
Receive News & Ratings for Ulta Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ulta Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.