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Veriti Management LLC reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534 shares of the specialty retailer’s stock after selling 61 shares during the period. Veriti Management LLC’s holdings in Ulta Beauty were worth $214,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Private Capital Group LLC grew its position in shares of Ulta Beauty by 265.0% in the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Ulta Beauty by 59.1% in 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 last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $30,000. GPS Wealth Strategies Group LLC grew 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 valued at $32,000 after purchasing an additional 35 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its position in shares of 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 during the last quarter. 90.47% of the stock is currently owned by institutional investors.
Ulta Beauty Trading Up 0.8 %
NASDAQ:ULTA opened at $488.62 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $490.98. The firm has a 50 day moving average of $453.68 and a 200-day moving average of $419.64. The stock has a market capitalization of $24.86 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings data 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. 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 analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company posted $3.94 EPS. Ulta Beauty’s revenue was up 17.2% on a year-over-year basis. As a group, analysts forecast that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
ULTA has been the topic of a number of recent research reports. Piper Sandler lifted their target price on Ulta Beauty from $510.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 29th. DA Davidson lifted their target price on Ulta Beauty from $490.00 to $545.00 in a research report on Friday, December 2nd. Barclays lifted their target price on Ulta Beauty from $511.00 to $548.00 and gave the stock an “overweight” rating in a research report on Monday, December 5th. Argus lifted their target price on Ulta Beauty from $455.00 to $530.00 in a research report on Thursday, January 5th. Finally, Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $511.86.
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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