Prudential Financial Inc. Acquires 30,962 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Prudential Financial Inc. raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 91.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 64,985 shares of the specialty retailer's stock after acquiring an additional 30,962 shares during the period. Prudential Financial Inc. owned about 0.14% of Ulta Beauty worth $28,264,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in shares of Ulta Beauty by 16.0% in the third quarter. Pathstone Holdings LLC now owns 5,581 shares of the specialty retailer's stock worth $2,172,000 after purchasing an additional 768 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ulta Beauty by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 307,665 shares of the specialty retailer's stock worth $119,719,000 after buying an additional 6,825 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Ulta Beauty by 93.6% during the 3rd quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer's stock worth $2,668,000 after buying an additional 3,315 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Ulta Beauty by 2.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,358 shares of the specialty retailer's stock valued at $1,307,000 after acquiring an additional 66 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $1,256,000. Institutional investors and hedge funds own 90.39% of the company's stock.

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Ulta Beauty Stock Down 2.9 %

Shares of ULTA traded down $10.87 during midday trading on Friday, reaching $359.47. 1,053,364 shares of the stock were exchanged, compared to its average volume of 1,061,261. The stock's 50 day simple moving average is $373.67 and its 200 day simple moving average is $386.41. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The company has a market cap of $16.67 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. 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 firm posted $8.08 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. UBS Group increased their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Piper Sandler cut their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $427.13.

Ulta Beauty Profile

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.