Beech Hill Advisors Inc. purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,988 shares of the specialty retailer's stock, valued at approximately $3,039,000.
A number of other hedge funds also recently modified their holdings of the business. Susquehanna Fundamental Investments LLC bought a new stake in Ulta Beauty in the second quarter valued at approximately $19,136,000. Jensen Investment Management Inc. boosted its stake in shares of Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer's stock valued at $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Distillate Capital Partners LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth $14,665,000. Versor Investments LP bought a new position in Ulta Beauty during the third quarter worth $793,000. Finally, Stephens Inc. AR lifted its holdings in Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer's stock valued at $6,231,000 after buying an additional 3,791 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
ULTA has been the subject of a number of recent analyst reports. B. Riley upgraded Ulta Beauty from a "sell" rating to a "neutral" rating and increased their price target for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Stifel Nicolaus raised their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. Loop Capital lifted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Telsey Advisory Group restated an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, Piper Sandler lifted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $460.30.
Check Out Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Stock Performance
ULTA traded up $5.95 during mid-day trading on Thursday, reaching $413.33. 689,981 shares of the stock were exchanged, compared to its average volume of 823,748. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a market capitalization of $19.17 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The company has a 50 day moving average price of $403.23 and a two-hundred day moving average price of $384.42.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.93 EPS for the current fiscal 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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