Beauty

Ulta Magnificence, Inc. (NASDAQ:ULTA) Shares Bought by Diversified Belief Co



Diversified Trust Co grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,976 shares of the specialty retailer’s stock after purchasing an additional 90 shares during the period. Diversified Trust Co’s holdings in Ulta Beauty were worth $968,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after purchasing an additional 40,190 shares in the last quarter. BlackRock Inc. lifted its stake in Ulta Beauty by 9.5% during the second quarter. BlackRock Inc. now owns 4,236,208 shares of the specialty retailer’s stock worth $1,993,538,000 after purchasing an additional 367,437 shares in the last quarter. State Street Corp lifted its stake in Ulta Beauty by 2.3% during the second quarter. State Street Corp now owns 2,043,315 shares of the specialty retailer’s stock worth $961,574,000 after purchasing an additional 45,487 shares in the last quarter. Morgan Stanley lifted its stake in Ulta Beauty by 56.7% during the third quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after purchasing an additional 556,809 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Ulta Beauty by 125.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock worth $717,932,000 after purchasing an additional 852,258 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 0.7 %

NASDAQ ULTA opened at $532.33 on Tuesday. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $574.76. The business’s 50-day moving average price is $519.68 and its 200 day moving average price is $456.96. The firm has a market cap of $25.85 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.25 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $6.68 earnings per share. As a group, analysts anticipate that Ulta Beauty, Inc. will post 26.77 earnings per share for the current year.

Ulta Beauty announced that its Board of Directors has approved a share buyback plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have commented on ULTA. Morgan Stanley upped their price target on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays increased their price objective on Ulta Beauty from $583.00 to $612.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup increased their price objective on Ulta Beauty from $440.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Oppenheimer reiterated an “outperform” rating and issued a $525.00 price objective on shares of Ulta Beauty in a research note on Friday, December 1st. Finally, Evercore ISI reduced their price objective on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $579.81.

Check Out Our Latest Research Report on ULTA

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.

Recommended Stories

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

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