Commonwealth Equity Services LLC lifted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 36.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,395 shares of the specialty retailer’s stock after acquiring an additional 2,512 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ulta Beauty were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Bell & Brown Wealth Advisors LLC acquired a new stake in Ulta Beauty during the third quarter worth approximately $2,871,000. L & S Advisors Inc grew its stake in Ulta Beauty by 26.0% during the second quarter. L & S Advisors Inc now owns 2,588 shares of the specialty retailer’s stock worth $898,000 after purchasing an additional 534 shares during the period. AMP Capital Investors Ltd grew its stake in Ulta Beauty by 40.6% during the second quarter. AMP Capital Investors Ltd now owns 43,014 shares of the specialty retailer’s stock worth $14,807,000 after purchasing an additional 12,417 shares during the period. BlackRock Inc. grew its stake in Ulta Beauty by 5.3% during the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock worth $1,445,154,000 after purchasing an additional 207,927 shares during the period. Finally, FTB Advisors Inc. grew its stake in Ulta Beauty by 396.2% during the second quarter. FTB Advisors Inc. now owns 129 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 103 shares during the period. Institutional investors own 87.39% of the company’s stock.
ULTA has been the subject of several recent analyst reports. UBS Group decreased their target price on Ulta Beauty from $365.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wolfe Research initiated coverage on Ulta Beauty in a research note on Tuesday, October 8th. They set a “buy” rating and a $288.00 target price for the company. Oppenheimer decreased their target price on Ulta Beauty from $390.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. William Blair cut Ulta Beauty to a “buy” rating in a research note on Friday, August 30th. Finally, Atlantic Securities cut Ulta Beauty from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $390.00 to $250.00 in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $290.95.
Shares of ULTA opened at $239.29 on Monday. The firm has a market cap of $14.44 billion, a PE ratio of 22.05, a PEG ratio of 1.24 and a beta of 1.13. The stock’s fifty day moving average price is $242.23 and its two-hundred day moving average price is $307.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. Ulta Beauty Inc has a 1 year low of $224.43 and a 1 year high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Sell-side analysts anticipate that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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