Cornercap Investment Counsel Inc. reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 35.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,693 shares of the specialty retailer's stock after selling 2,046 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Ulta Beauty were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of ULTA. UMB Bank n.a. boosted its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC bought a new stake in Ulta Beauty during the first quarter valued at $31,000. Innealta Capital LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth about $32,000. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on ULTA shares. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a research report on Friday, August 23rd. Raymond James cut their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a report on Monday, October 14th. Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a "hold" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $420.71.
Check Out Our Latest Analysis on Ulta Beauty
Ulta Beauty Trading Down 4.6 %
Shares of ULTA traded down $17.60 during mid-day trading on Friday, reaching $365.17. The company had a trading volume of 1,428,305 shares, compared to its average volume of 962,568. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.33. The firm has a fifty day simple moving average of $380.11 and a 200-day simple moving average of $379.67.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts' consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned $6.02 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.
Ulta Beauty Company 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, 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.
Further Reading
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
