Gilman Hill Asset Management LLC increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 550 shares of the specialty retailer’s stock after buying an additional 50 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Ulta Beauty were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in Ulta Beauty by 56.7% in the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after buying an additional 556,809 shares in the last quarter. Norges Bank acquired a new position in Ulta Beauty during the 4th quarter valued at about $263,192,000. Global Assets Advisory LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at $176,753,000. International Assets Investment Management LLC lifted its position in shares of Ulta Beauty by 45,740.3% during the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock valued at $142,854,000 after acquiring an additional 290,908 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Ulta Beauty by 177.8% during the fourth quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock valued at $199,596,000 after buying an additional 260,740 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Friday, May 31st. Citigroup reduced their price objective on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, DA Davidson restated a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price of $507.30.
View Our Latest Research Report on Ulta Beauty
Ulta Beauty Stock Performance
Shares of ULTA opened at $388.19 on Wednesday. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The firm’s 50-day simple moving average is $394.49 and its two-hundred day simple moving average is $464.88. The stock has a market cap of $18.52 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. Ulta Beauty’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $6.88 EPS. Equities research analysts predict that Ulta Beauty, Inc. will post 25.76 EPS for the current year.
Ulta Beauty declared that its board has authorized a stock buyback plan on Thursday, March 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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.
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