Principal Financial Group Inc. decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,420 shares of the specialty retailer's stock after selling 30,584 shares during the period. Principal Financial Group Inc. owned 0.21% of Ulta Beauty worth $39,075,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at approximately $31,000. Innealta Capital LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty in the 3rd quarter worth $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Down 0.1 %
Shares of Ulta Beauty stock traded down $0.32 during midday trading on Tuesday, hitting $380.22. The company had a trading volume of 464,970 shares, compared to its average volume of 962,118. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.21 and a beta of 1.33. The company has a fifty day simple moving average of $378.86 and a 200 day simple moving average of $379.82.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $2.61 billion. During the same period in the prior year, the company earned $6.02 EPS. Ulta Beauty's quarterly revenue was up .9% on a year-over-year basis. As a group, analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated an "outperform" rating and issued a $435.00 target price on shares of Ulta Beauty in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Piper Sandler upped their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Citigroup reduced their price objective 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, BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus target price of $420.71.
Check Out Our Latest Research Report on ULTA
About Ulta Beauty
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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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