Geode Capital Management LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,188,730 shares of the specialty retailer's stock after purchasing an additional 10,153 shares during the period. Geode Capital Management LLC owned 2.52% of Ulta Beauty worth $461,059,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $359,480,000. TD Asset Management Inc raised its holdings in shares of Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock worth $239,545,000 after buying an additional 76,721 shares during the last quarter. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock worth $237,519,000 after acquiring an additional 31,540 shares during the period. Finally, Alecta Tjanstepension Omsesidigt grew its stake in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock valued at $200,944,000 after purchasing an additional 65,000 shares during the last quarter. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Up 0.0 %
Shares of NASDAQ ULTA traded up $0.20 during midday trading on Friday, hitting $424.11. The stock had a trading volume of 655,505 shares, compared to its average volume of 982,607. The stock has a 50 day simple moving average of $377.54 and a 200-day simple moving average of $377.83. The company has a market capitalization of $19.67 billion, a PE ratio of 16.96, a P/E/G ratio of 2.42 and a beta of 1.32. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.07 EPS. As a group, analysts expect that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ULTA. Piper Sandler lifted their target price on Ulta Beauty from $357.00 to $360.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Oppenheimer lifted their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. UBS Group boosted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Loop Capital increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $439.30.
Check Out Our Latest Research Report on ULTA
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.
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