Melissa Juried Kriebel
Texas Permanent School Fund grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,332 shares of the specialty retailer’s stock after acquiring an additional 434 shares during the quarter. Texas Permanent School Fund’s holdings in Ulta Beauty were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of ULTA. Sawtooth Solutions LLC lifted its position in Ulta Beauty by 4.3% in the third quarter. Sawtooth Solutions LLC now owns 627 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 26 shares during the period. Parkside Financial Bank & Trust lifted its position in Ulta Beauty by 59.1% in 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 during the period. Ronald Blue Trust Inc. lifted its position in Ulta Beauty by 52.7% in the third quarter. Ronald Blue Trust Inc. now owns 84 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 29 shares during the period. Cornerstone Wealth Management LLC lifted its position in Ulta Beauty by 4.9% in the second quarter. Cornerstone Wealth Management LLC now owns 679 shares of the specialty retailer’s stock worth $262,000 after purchasing an additional 32 shares during the period. Finally, Kinneret Advisory LLC lifted its position in Ulta Beauty by 2.2% in the second quarter. Kinneret Advisory LLC now owns 1,559 shares of the specialty retailer’s stock worth $601,000 after purchasing an additional 33 shares during the period. 90.47% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ULTA. Morgan Stanley lifted their price objective on Ulta Beauty from $435.00 to $445.00 and gave the company an “equal weight” rating in a report on Monday, December 5th. DA Davidson lifted their price objective on Ulta Beauty from $490.00 to $545.00 in a report on Friday, December 2nd. UBS Group lifted their price objective on Ulta Beauty from $540.00 to $590.00 and gave the company a “buy” rating in a report on Friday, December 2nd. JPMorgan Chase & Co. raised their target price on Ulta Beauty to $535.00 in a research note on Monday, November 28th. Finally, The Goldman Sachs Group lowered Ulta Beauty from a “buy” rating to a “neutral” rating and lowered their target price for the company from $511.00 to $508.00 in a research note on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $511.86.
Ulta Beauty Stock Down 0.6 %
Shares of Ulta Beauty stock opened at $486.19 on Friday. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $490.98. The business has a 50-day moving average price of $451.04 and a 200-day moving average price of $418.31. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.55 and a beta of 1.29.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share 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 quarter in the previous year, the firm posted $3.94 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
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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