Impax Asset Management Group plc boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,419 shares of the specialty retailer's stock after buying an additional 9,863 shares during the period. Impax Asset Management Group plc owned approximately 0.20% of Ulta Beauty worth $36,351,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Ulta Beauty during the first quarter valued at about $31,000. UMB Bank n.a. raised its holdings in shares of Ulta Beauty by 83.3% during the second 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 during the period. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth about $32,000. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth about $32,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter worth about $44,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Price Performance
NASDAQ ULTA traded up $0.65 during trading hours on Tuesday, reaching $384.55. 324,650 shares of the company's stock traded hands, compared to its average volume of 964,106. The firm has a market cap of $18.12 billion, a PE ratio of 15.41, a PEG ratio of 2.17 and a beta of 1.33. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50-day simple moving average of $376.50 and a 200 day simple moving average of $380.80.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $6.02 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ULTA. Barclays upped their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an "equal weight" rating in a report on Friday, August 30th. Wells Fargo & Company reduced their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, August 30th. Piper Sandler raised their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Citigroup lowered their target price on shares of Ulta Beauty from $375.00 to $345.00 and set a "neutral" rating on the stock in a research note on Friday, August 30th. Finally, DA Davidson lowered their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $420.71.
Get Our Latest Analysis on Ulta Beauty
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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