Ulta Magnificence, Inc. (NASDAQ:ULTA) Shares Offered by Czech Nationwide Financial institution
Czech National Bank lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,623 shares of the specialty retailer’s stock after selling 82 shares during the quarter. Czech National Bank’s holdings in Ulta Beauty were worth $4,225,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ULTA. Loomis Sayles & Co. L P boosted its position in Ulta Beauty by 364.3% during the third 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. Coppell Advisory Solutions LLC purchased a new position in shares of Ulta Beauty in the second quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its position in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position 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 valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 92.30% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on ULTA shares. Deutsche Bank Aktiengesellschaft raised their target price on Ulta Beauty from $574.00 to $627.00 in a research report on Friday. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group raised 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. DA Davidson increased their price target on Ulta Beauty from $495.00 to $530.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Citigroup increased their price target on Ulta Beauty from $440.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $546.90.
View Our Latest Stock Report on ULTA
Ulta Beauty Trading Down 5.2 %
Shares of NASDAQ ULTA opened at $535.98 on Friday. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $574.76. The stock has a fifty day simple moving average of $518.69 and a 200-day simple moving average of $455.90. The stock has a market capitalization of $26.03 billion, a PE ratio of 21.74, a PEG ratio of 2.35 and a beta of 1.31.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.42% and a net margin of 11.37%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the firm posted $6.68 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty, Inc. will post 25.46 earnings per share for the current year.
Ulta Beauty declared that its board has initiated a share buyback plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Ulta Beauty Company Profile
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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