Wendell David Associates Inc. grew its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 23.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,085 shares of the specialty retailer’s stock after buying an additional 770 shares during the period. Wendell David Associates Inc.’s holdings in Ulta Beauty were worth $914,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ULTA. Sun Life Financial INC boosted its position in Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the period. Lazard Asset Management LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth $157,000. QS Investors LLC boosted its position in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Cypress Capital Group purchased a new stake in Ulta Beauty during the 2nd quarter worth $218,000. Finally, QCM Cayman Ltd. purchased a new stake in Ulta Beauty during the 2nd quarter worth $248,000. 88.72% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Inc (NASDAQ:ULTA) traded up $4.17 during trading hours on Tuesday, reaching $237.32. 1,086,600 shares of the company’s stock were exchanged, compared to its average volume of 1,178,467. The stock has a market cap of $14,390.00, a PE ratio of 30.35, a P/E/G ratio of 1.45 and a beta of 0.55. Ulta Beauty Inc has a one year low of $187.96 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. analysts forecast that Ulta Beauty Inc will post 8.43 EPS for the current year.
A number of brokerages recently weighed in on ULTA. KeyCorp reaffirmed a “buy” rating and set a $270.00 price target (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 price target for the company in a research report on Friday, December 1st. Morgan Stanley set a $235.00 price target on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $270.00 price target on shares of Ulta Beauty in a research report on Friday, December 1st. Finally, Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, December 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and a consensus target price of $261.05.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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