Melissa Juried Kriebel
First Republic Investment Management Inc. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 12.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,110 shares of the specialty retailer’s stock after selling 1,255 shares during the quarter. First Republic Investment Management Inc.’s holdings in Ulta Beauty were worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in ULTA. Renaissance Technologies LLC raised its stake in shares of Ulta Beauty by 7,441.9% in the second 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. Goldman Sachs Group Inc. raised its position in Ulta Beauty by 111.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after purchasing an additional 495,734 shares during the last quarter. FMR LLC raised its position in Ulta Beauty by 94.9% in the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock worth $289,899,000 after purchasing an additional 366,138 shares during the last quarter. CIBC Private Wealth Group LLC raised 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 valued at $68,054,000 after acquiring an additional 158,731 shares during the last quarter. Finally, Invesco Ltd. raised 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 valued at $188,593,000 after acquiring an additional 119,048 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th. Wells Fargo & Company lowered shares of Ulta Beauty from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $450.00 to $400.00 in a report on Friday, January 6th. Credit Suisse Group boosted their price target on shares of Ulta Beauty to $535.00 in a report on Friday, December 2nd. Morgan Stanley upped their target price on shares of Ulta Beauty from $445.00 to $510.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 17th. Finally, UBS Group upped their target price on shares of Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $514.95.
Ulta Beauty Stock Performance
Shares of ULTA stock opened at $505.67 on Monday. The firm’s 50-day moving average is $472.45 and its 200-day moving average is $429.60. The stock has a market cap of $25.73 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.61 and a beta of 1.29. Ulta Beauty, Inc. has a 52-week low of $330.80 and a 52-week high of $511.00.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its earnings results on Thursday, December 1st. The specialty retailer reported $5.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.09 by $1.25. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Ulta Beauty had a net margin of 12.26% and a return on equity of 68.33%. Ulta Beauty’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.94 EPS. Sell-side analysts predict that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
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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