Summitry LLC boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,671 shares of the specialty retailer's stock after purchasing an additional 5,137 shares during the quarter. Ulta Beauty comprises approximately 4.6% of Summitry LLC's investment portfolio, making the stock its 6th largest holding. Summitry LLC owned about 0.47% of Ulta Beauty worth $94,237,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Murphy & Mullick Capital Management Corp purchased a new position in Ulta Beauty during the 4th quarter worth $234,000. Prestige Wealth Management Group LLC raised its stake in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the period. Zions Bancorporation N.A. grew its position in Ulta Beauty by 185.9% during the fourth quarter. Zions Bancorporation N.A. now owns 263 shares of the specialty retailer's stock valued at $114,000 after buying an additional 171 shares during the period. Prudential Financial Inc. increased its holdings in Ulta Beauty by 91.0% during the fourth quarter. Prudential Financial Inc. now owns 64,985 shares of the specialty retailer's stock worth $28,264,000 after buying an additional 30,962 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in Ulta Beauty by 20.5% in the fourth quarter. Stevens Capital Management LP now owns 1,342 shares of the specialty retailer's stock worth $584,000 after acquiring an additional 228 shares during the period. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Down 2.9 %
Shares of NASDAQ ULTA traded down $10.87 during midday trading on Friday, reaching $359.47. The company had a trading volume of 1,053,364 shares, compared to its average volume of 1,061,261. The stock has a market cap of $16.67 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67. The firm's fifty day moving average price is $373.67 and its 200-day moving average price is $386.31.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $8.08 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Barclays lowered their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Bank of America lowered their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of "Hold" and a consensus price target of $427.13.
View Our Latest Research Report on ULTA
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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