Melissa Juried Kriebel
Avantax Advisory Services Inc. grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 45.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 760 shares of the specialty retailer’s stock after buying an additional 238 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Ulta Beauty were worth $305,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in Ulta Beauty by 7,441.9% in the second quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock worth $270,376,000 after purchasing an additional 692,100 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Ulta Beauty by 111.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after buying an additional 495,734 shares during the period. FMR LLC grew its position in shares of Ulta Beauty by 94.9% during the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock worth $289,899,000 after buying an additional 366,138 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Ulta Beauty by 891.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 176,543 shares of the specialty retailer’s stock worth $68,054,000 after buying an additional 158,731 shares during the period. Finally, Invesco Ltd. grew its position in shares of Ulta Beauty by 33.6% during the 1st quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock worth $188,593,000 after buying an additional 119,048 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Trading Up 0.2 %
ULTA stock opened at $502.63 on Thursday. The firm has a market capitalization of $25.57 billion, a PE ratio of 22.09, a PEG ratio of 1.59 and a beta of 1.29. Ulta Beauty, Inc. has a 1-year low of $330.80 and a 1-year high of $503.04. The business’s 50 day simple moving average is $469.70 and its 200 day simple moving average is $427.84.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its 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. The business had revenue of $2.34 billion for 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%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.94 EPS. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Ulta Beauty from $445.00 to $510.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 17th. Argus lifted their price objective on Ulta Beauty from $455.00 to $530.00 in a report on Thursday, January 5th. Credit Suisse Group lifted their price objective on Ulta Beauty to $535.00 in a report on Friday, December 2nd. Piper Sandler lifted their price objective on Ulta Beauty from $510.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, November 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $514.95.
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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