CreativeOne Wealth LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA – FREE REPORT ) during the first quarter, according to the latest SEC filing. The institutional investor purchased 536 shares of the specialty retailer’s stock worth about $281,000.
Other hedge funds are also buying and selling shares of the company. Norges Bank bought a new stake in Ulta Beauty worth $263,192,000 in the fourth quarter. Global Asset Advisory LLC bought a new stake in Ulta Beauty worth approximately $176,753,000 in the first quarter. International Asset Investment Management LLC increased its holdings in Ulta Beauty by 45,740.3% in the fourth quarter. International Asset Investment Management LLC bought 291,544 shares of the specialty retailer’s stock valued at $142,854,000 in the fourth quarter after purchasing an additional 290,908 shares in the last quarter. TD Asset Management increased its stake in Ulta Beauty by 177.8% in the fourth quarter. TD Asset Management Inc. now holds 407,347 shares of the specialty retailer’s stock, valued at $199,596,000, after purchasing an additional 260,740 shares in the last quarter. Finally, Los Angeles Capital Management Inc. increased its holdings in Ulta Beauty by 210.4% in the first quarter. Los Angeles Capital Management Inc. now holds 271,550 shares of the specialty retailer’s stock, valued at $141,988,000, after purchasing an additional 184,060 shares in the last quarter. Institutional investors hold 90.39% of the company’s stock.
Analyst upgrades and downgrades
A number of stock analysts have recently offered their opinions on ULTA stock. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Oppenheimer lowered their price target on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Bank of America lowered their price target on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Loop Capital raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target for the company in a report on Monday, April 8th. Finally, Jefferies Financial Group lowered their price target on Ulta Beauty from $438.00 to $412.00 and gave the stock a “hold” rating in a research note on Friday, May 24. One equities research analyst has rated the stock with a sell rating, ten with a hold rating, twelve with a buy rating, and one with a strong buy rating. MarketBeat.com has rated Ulta Beauty with an average rating of a “moderate buy” and a consensus price target of $497.61.
Get the latest research report on ULTA
Ulta Beauty Stock Performance
NASDAQ ULTA opened trading at $369.46 on Friday. The stock’s 50-day moving average price is $387.66 and its 200-day moving average price is $450.13. Ulta Beauty, Inc.’s one-year low is $362.49 and its one-year high is $574.76. The company has a market cap of $17.63 billion, a P/E ratio of 14.41, a P/G ratio of 1.71 and a beta of 1.37.
Ulta Beauty (NASDAQ:ULTA – Get free report ) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported quarterly EPS of $6.47, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Revenues for the quarter were $2.73 billion, compared to analyst expectations of $2.72 billion. In the same quarter last year, the company earned $6.88 per share. Ulta Beauty’s quarterly earnings increased 3.5% compared to the same quarter last year. Equity analysts, as a group, expect Ulta Beauty, Inc. to post EPS of $25.66 for the current fiscal year.
Insider trading
In other Ulta Beauty news, director Katherine Ann Halligan sold 100 shares of the company’s stock on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction value of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, insider Jodi J. Caro sold 650 shares of the company’s stock on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction value of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be found at this link. Additionally, Director Katherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is now owned by insiders at the company.
Ulta Beauty Profile
(Free report)
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrances, hair care, skin care, bath and body care products, professional hair care products and salon styling tools, through Ulta Beauty stores, shop-in-shops, the Ulta.com website and mobile applications.
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