Beauty

Nordea Funding Administration AB Grows Inventory Holdings in Ulta Magnificence, Inc. (NASDAQ:ULTA)



Nordea Investment Management AB boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 347.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,491 shares of the specialty retailer’s stock after purchasing an additional 55,508 shares during the period. Nordea Investment Management AB owned about 0.15% of Ulta Beauty worth $35,061,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ULTA. Loomis Sayles & Co. L P increased its position in shares of Ulta Beauty by 364.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth $26,000. Parkside Financial Bank & Trust lifted its position in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in 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 buying an additional 73 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Institutional investors own 92.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ULTA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. Evercore ISI decreased their price target on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Stifel Nicolaus upped their price objective on Ulta Beauty from $505.00 to $565.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Piper Sandler lifted their target price on Ulta Beauty from $635.00 to $665.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, BMO Capital Markets boosted their price target on Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $579.81.

View Our Latest Analysis on Ulta Beauty

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $529.08 on Wednesday. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The business’s 50 day moving average is $520.56 and its two-hundred day moving average is $457.76. The stock has a market capitalization of $25.69 billion, a P/E ratio of 20.31, a PEG ratio of 2.14 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.68 EPS. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 26.73 earnings per share for the current fiscal year.

Ulta Beauty declared that its board has approved a share repurchase program on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

See Also

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)



Receive News & Ratings for Ulta Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ulta Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button