Signature Estate & Investment Advisors LLC decreased its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 7.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,628 shares of the specialty retailer’s stock after selling 308 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Ulta Beauty were worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of ULTA. Comerica Securities Inc. raised its position in Ulta Beauty by 19.9% during the 4th quarter. Comerica Securities Inc. now owns 1,381 shares of the specialty retailer’s stock valued at $338,000 after purchasing an additional 229 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ulta Beauty by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 302,664 shares of the specialty retailer’s stock worth $74,098,000 after acquiring an additional 10,616 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ulta Beauty by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after acquiring an additional 62,309 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Ulta Beauty in the 1st quarter worth approximately $263,000. Finally, Altman Advisors Inc. raised its position in shares of Ulta Beauty by 1.8% in the 1st quarter. Altman Advisors Inc. now owns 5,542 shares of the specialty retailer’s stock worth $1,933,000 after acquiring an additional 96 shares in the last quarter. 88.67% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on ULTA. UBS Group increased their target price on Ulta Beauty from $370.00 to $390.00 and gave the stock a “top pick” rating in a research report on Thursday, July 25th. Oppenheimer decreased their target price on Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 target price for the company in a research report on Monday, May 20th. Robert W. Baird reissued an “outperform” rating and issued a $395.00 target price (up previously from $365.00) on shares of Ulta Beauty in a research report on Thursday, April 18th. Finally, BidaskClub lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $353.39.
ULTA traded down $3.65 during trading on Thursday, hitting $317.35. 44,390 shares of the company’s stock traded hands, compared to its average volume of 669,312. The business’s 50 day moving average is $348.03. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.93 and a quick ratio of 0.74. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $368.83. The firm has a market cap of $19.67 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, beating the consensus estimate of $3.06 by $0.02. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $2.70 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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