B. Riley Wealth Advisors Inc. lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,301 shares of the specialty retailer’s stock after selling 680 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Ulta Beauty were worth $1,617,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $25,000. Vima LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $28,000. VisionPoint Advisory Group LLC boosted its position in shares of Ulta Beauty by 7,300.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $33,000. Institutional investors own 90.39% of the company’s stock.
Ulta Beauty Trading Down 1.7 %
Shares of NASDAQ ULTA opened at $382.59 on Thursday. The stock has a fifty day simple moving average of $398.64 and a two-hundred day simple moving average of $467.89. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the company earned $6.88 earnings per share. Ulta Beauty’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Ulta Beauty, Inc. will post 25.76 EPS for the current year.
Ulta Beauty declared that its board has approved a share buyback program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
ULTA has been the topic of a number of research reports. Oppenheimer dropped their price target on Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Robert W. Baird dropped their price target on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Friday, May 31st. Finally, The Goldman Sachs Group lowered their price objective on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $507.30.
Check Out Our Latest Report on Ulta Beauty
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.
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