EP Wealth Advisors LLC lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 967 shares of the specialty retailer’s stock after selling 28 shares during the period. EP Wealth Advisors LLC’s holdings in Ulta Beauty were worth $474,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth $25,000. Loomis Sayles & Co. L P increased its holdings in shares of Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth $28,000. VisionPoint Advisory Group LLC grew its holdings in shares of Ulta Beauty by 7,300.0% in the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 73 shares during the period. Finally, Webster Bank N. A. bought a new stake in shares of Ulta Beauty in the fourth quarter worth $33,000. Institutional investors own 90.39% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on ULTA. Jefferies Financial Group cut their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a report on Friday, May 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Friday, May 31st. Raymond James lowered their target price on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 3rd. UBS Group lifted their target price on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group lowered their target price on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $507.30.
View Our Latest Stock Analysis on ULTA
Ulta Beauty Trading Down 1.7 %
NASDAQ:ULTA opened at $382.59 on Wednesday. The company has a market capitalization of $18.26 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.70 and a beta of 1.36. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76. The business’s 50-day moving average is $400.01 and its 200 day moving average is $468.49.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $6.88 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.
Ulta Beauty declared that its board has approved a share repurchase plan on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
Ulta Beauty Company 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.
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