Littlejohn Financial Services Inc. purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,387 shares of the specialty retailer's stock, valued at approximately $1,038,000.
Several other institutional investors and hedge funds have also modified their holdings of ULTA. Creative Planning raised its stake in shares of Ulta Beauty by 83.7% in the third quarter. Creative Planning now owns 14,774 shares of the specialty retailer's stock worth $5,749,000 after buying an additional 6,730 shares during the period. Rheos Capital Works Inc. purchased a new stake in Ulta Beauty in the 3rd quarter worth approximately $10,428,000. nVerses Capital LLC bought a new stake in Ulta Beauty during the 3rd quarter worth approximately $311,000. Vista Investment Partners LLC lifted its holdings in Ulta Beauty by 1.7% during the third quarter. Vista Investment Partners LLC now owns 6,639 shares of the specialty retailer's stock valued at $2,583,000 after purchasing an additional 110 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in shares of Ulta Beauty by 24.5% in the third quarter. AlphaMark Advisors LLC now owns 1,596 shares of the specialty retailer's stock worth $621,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Performance
NASDAQ ULTA opened at $360.44 on Friday. The business's 50 day moving average price is $416.50 and its 200-day moving average price is $386.35. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market cap of $16.71 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.96 and a beta of 1.28.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted 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. 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 business's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 earnings per share. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. BMO Capital Markets raised their price target on Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler boosted their price target on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $459.22.
Check Out Our Latest Analysis 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.
Further Reading
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