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AE Wealth Management LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 50.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,758 shares of the specialty retailer’s stock after purchasing an additional 2,267 shares during the period. AE Wealth Management LLC’s holdings in Ulta Beauty were worth $2,711,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ULTA. Prudential PLC acquired a new position in shares of Ulta Beauty during the first quarter valued at $425,000. Vanguard Group Inc. increased its holdings in shares of Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after purchasing an additional 40,190 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Ulta Beauty by 2.8% during the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock valued at $3,305,000 after purchasing an additional 223 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Ulta Beauty by 38.6% during the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 311 shares during the period. Finally, Parkside Financial Bank & Trust increased 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 valued at $28,000 after purchasing an additional 26 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Trading Down 0.6 %
Shares of Ulta Beauty stock opened at $486.19 on Friday. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $490.98. The stock has a 50-day moving average price of $451.04 and a 200 day moving average price of $418.31. The company has a market cap of $24.74 billion, a P/E ratio of 21.37, a P/E/G 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, topping analysts’ consensus estimates of $4.09 by $1.25. Ulta Beauty had a return on equity of 68.33% and a net margin of 12.26%. The company 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 business earned $3.94 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty, Inc. will post 22.87 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Telsey Advisory Group raised their target price on Ulta Beauty from $510.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, December 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Ulta Beauty from $589.00 to $607.00 in a research note on Friday, December 2nd. The Goldman Sachs Group cut Ulta Beauty from a “buy” rating to a “neutral” rating and decreased their target price for the company from $511.00 to $508.00 in a research note on Monday, December 12th. JPMorgan Chase & Co. raised their target price on Ulta Beauty to $535.00 in a research note on Monday, November 28th. Finally, Morgan Stanley raised their target price on Ulta Beauty from $435.00 to $445.00 and gave the company an “equal weight” rating in a research note on Monday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $511.86.
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.
Further Reading
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