Stifel Financial Corp Has $18.34 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Stifel Financial Corp grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,142 shares of the specialty retailer's stock after purchasing an additional 8,662 shares during the period. Stifel Financial Corp owned about 0.10% of Ulta Beauty worth $18,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ULTA. UMB Bank n.a. increased its stake in 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 acquiring an additional 30 shares during the period. Innealta Capital LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the third quarter valued at $32,000. Oakworth Capital Inc. bought a new position in Ulta Beauty in the second quarter worth $36,000. Finally, TruNorth Capital Management LLC bought a new position in Ulta Beauty in the second quarter worth $39,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $6.09 during trading hours on Tuesday, reaching $411.92. 835,070 shares of the stock were exchanged, compared to its average volume of 982,717. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.42 and a beta of 1.33. The stock's fifty day simple moving average is $374.73 and its 200 day simple moving average is $376.92. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 analysts' expectations of $2.50 billion. During the same quarter last year, the business earned $5.07 earnings per share. Ulta Beauty's revenue was up 1.7% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ULTA shares. William Blair cut shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 21st. Piper Sandler upped their price objective on Ulta Beauty from $357.00 to $360.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their target price on Ulta Beauty from $300.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday. Telsey Advisory Group upped their price target on Ulta Beauty from $450.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stifel Nicolaus lifted their price objective on Ulta Beauty from $395.00 to $455.00 and gave the company a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $439.30.

About Ulta Beauty

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.