Royal Financial institution of Canada Has $53.48 Million Inventory Place in Ulta Magnificence, Inc. (NASDAQ:ULTA)
Royal Bank of Canada reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 37.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 133,889 shares of the specialty retailer’s stock after selling 78,565 shares during the quarter. Royal Bank of Canada’s holdings in Ulta Beauty were worth $53,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of ULTA. Coppell Advisory Solutions LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $26,000. Ancora Advisors LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Fortis Capital Advisors LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Carolinas Wealth Consulting LLC raised its stake in shares of Ulta Beauty by 106.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 32 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake 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 valued at $26,000 after buying an additional 51 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ULTA. Oppenheimer restated an “outperform” rating and issued a $525.00 price objective on shares of Ulta Beauty in a research note on Friday, December 1st. JPMorgan Chase & Co. upped their target price on shares of Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Piper Sandler upped their target price on shares of Ulta Beauty from $540.00 to $572.00 and gave the stock an “overweight” rating in a report on Friday, December 1st. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, December 1st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Ulta Beauty in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $535.35.
Get Our Latest Analysis on Ulta Beauty
Ulta Beauty Trading Up 1.5 %
Ulta Beauty stock opened at $548.56 on Tuesday. The company has a market cap of $26.64 billion, a PE ratio of 22.25, a PEG ratio of 2.26 and a beta of 1.31. The company’s 50-day moving average is $512.22 and its two-hundred day moving average is $452.13. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $563.17.
Insider Activity at Ulta Beauty
In related news, Director Lorna Nagler sold 500 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the sale, the director now directly owns 6,529 shares in the company, valued at approximately $3,187,327.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.
About Ulta Beauty
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.
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