Vanguard Group Inc. reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,588,006 shares of the specialty retailer’s stock after selling 115,453 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Ulta Beauty worth $2,232,129,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted 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 worth $26,000 after acquiring an additional 51 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its position in shares of Ulta Beauty by 59.1% in the 1st 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 during the period. VisionPoint Advisory Group LLC boosted its position in shares of Ulta Beauty by 7,300.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at about $31,000. 92.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have commented on ULTA shares. UBS Group upped their price objective on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Loop Capital downgraded Ulta Beauty from a “buy” rating to a “hold” rating and set a $530.00 price objective for the company. in a research note on Wednesday, February 14th. Robert W. Baird increased their target price on Ulta Beauty from $550.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. DA Davidson increased their target price on Ulta Beauty from $495.00 to $530.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Argus raised their price objective on Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $546.90.
View Our Latest Stock Analysis on ULTA
Ulta Beauty Stock Down 5.2 %
ULTA stock opened at $535.98 on Friday. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $574.76. The stock’s fifty day simple moving average is $518.69 and its 200-day simple moving average is $455.90. The stock has a market capitalization of $26.03 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the firm earned $6.68 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Ulta Beauty, Inc. will post 25.46 earnings per share for the current fiscal year.
Ulta Beauty announced that its board has initiated a stock repurchase program on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Ulta Beauty 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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