Tidal Investments LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 56.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,723 shares of the specialty retailer's stock after selling 3,525 shares during the quarter. Tidal Investments LLC's holdings in Ulta Beauty were worth $1,060,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. UMB Bank n.a. lifted its stake in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at approximately $32,000. Westside Investment Management Inc. grew its position in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ULTA. B. Riley upped their target price on shares of Ulta Beauty from $300.00 to $330.00 and gave the company a "sell" rating in a research report on Friday, December 6th. Piper Sandler boosted their price objective on Ulta Beauty from $357.00 to $360.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $439.30.
View Our Latest Stock Report on ULTA
Ulta Beauty Price Performance
Shares of NASDAQ ULTA traded up $4.49 during trading on Friday, hitting $430.01. 1,446,135 shares of the company were exchanged, compared to its average volume of 982,076. The firm's fifty day moving average price is $383.13 and its 200 day moving average price is $379.16. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.38 and a beta of 1.32. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 return on equity of 51.95% and a net margin of 10.58%. The company's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.
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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