Raymond James Financial Inc. purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 64,713 shares of the specialty retailer's stock, valued at approximately $28,146,000. Raymond James Financial Inc. owned approximately 0.14% of Ulta Beauty at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research firms have commented on ULTA. Piper Sandler lowered their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Citigroup cut their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $427.61.
View Our Latest Analysis on Ulta Beauty
Ulta Beauty Price Performance
ULTA traded up $7.63 during trading hours on Wednesday, reaching $386.30. 199,130 shares of the stock traded hands, compared to its average volume of 1,052,551. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.89 and a beta of 1.16. The firm's fifty day simple moving average is $357.37 and its two-hundred day simple moving average is $382.25.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm earned $8.08 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
About Ulta Beauty
(
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, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
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