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Benjamin F. Edwards & Company Inc. increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 36.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387 shares of the specialty retailer’s stock after purchasing an additional 103 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Ulta Beauty were worth $155,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Sawtooth Solutions LLC grew its position in shares of Ulta Beauty by 4.3% during 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 in the last quarter. Parkside Financial Bank & Trust grew its holdings in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 26 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in Ulta Beauty by 52.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 84 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 29 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in Ulta Beauty by 4.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 679 shares of the specialty retailer’s stock valued at $262,000 after buying an additional 32 shares in the last quarter. Finally, Kinneret Advisory LLC grew its holdings in Ulta Beauty by 2.2% during the 2nd quarter. Kinneret Advisory LLC now owns 1,559 shares of the specialty retailer’s stock valued at $601,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on Ulta Beauty from $500.00 to $550.00 in a report on Friday, December 2nd. Citigroup raised their price target on Ulta Beauty from $480.00 to $500.00 in a report on Friday, December 2nd. Morgan Stanley lifted their target price on Ulta Beauty from $435.00 to $445.00 and gave the stock an “equal weight” rating in a report on Monday, December 5th. Telsey Advisory Group lifted their target price on Ulta Beauty from $510.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Ulta Beauty from $589.00 to $607.00 in a report on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $511.86.
Ulta Beauty Stock Down 0.2 %
Shares of NASDAQ ULTA opened at $490.99 on Friday. The business has a fifty day simple moving average of $458.39 and a two-hundred day simple moving average of $421.53. The firm has a market cap of $24.98 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $495.89.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.09 by $1.25. The business 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%. Ulta Beauty’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.94 EPS. On average, research analysts expect that Ulta Beauty, Inc. will post 22.87 earnings per share for the current year.
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.
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