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Strs Ohio reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 16.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the specialty retailer’s stock after selling 2,534 shares during the quarter. Strs Ohio’s holdings in Ulta Beauty were worth $5,014,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ULTA. Vanguard Group Inc. lifted its stake in shares of Ulta Beauty by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after acquiring an additional 40,190 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 acquiring an additional 685,026 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 acquiring an additional 495,734 shares during the last quarter. FMR LLC lifted its stake in shares of 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 acquiring an additional 366,138 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake 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 acquiring an additional 692,100 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Stock Down 0.3 %
Ulta Beauty stock opened at $484.76 on Tuesday. The company has a market capitalization of $24.66 billion, a P/E ratio of 21.31, a PEG ratio of 1.55 and a beta of 1.29. The stock’s 50 day moving average is $452.35 and its 200 day moving average is $419.09. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $490.98.
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 the consensus estimate of $4.09 by $1.25. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.21 billion. Ulta Beauty had a return on equity of 68.33% and a net margin of 12.26%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.94 EPS. As a group, equities analysts expect that Ulta Beauty, Inc. will post 22.87 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, December 2nd. Citigroup upped their price target on Ulta Beauty from $480.00 to $500.00 in a research report on Friday, December 2nd. Argus upped their price target on Ulta Beauty from $455.00 to $530.00 in a research report on Thursday, January 5th. UBS Group upped their price target on Ulta Beauty from $540.00 to $590.00 and gave the company a “buy” rating in a research report on Friday, December 2nd. Finally, Credit Suisse Group upped their price target on Ulta Beauty to $535.00 in a research report on Friday, December 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.86.
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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