First American Trust FSB boosted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 62.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,526 shares of the specialty retailer’s stock after acquiring an additional 4,813 shares during the period. First American Trust FSB’s holdings in Ulta Beauty were worth $3,066,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in shares of Ulta Beauty by 4.3% in the 3rd quarter. Alliancebernstein L.P. now owns 2,686,897 shares of the specialty retailer’s stock valued at $758,027,000 after purchasing an additional 109,978 shares during the last quarter. FMR LLC grew its position in Ulta Beauty by 35.5% during the 3rd quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock worth $362,682,000 after acquiring an additional 336,985 shares during the last quarter. Bank of New York Mellon Corp grew its position in Ulta Beauty by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock worth $239,223,000 after acquiring an additional 20,257 shares during the last quarter. Bank of America Corp DE grew its position in Ulta Beauty by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 580,901 shares of the specialty retailer’s stock worth $135,617,000 after acquiring an additional 25,473 shares during the last quarter. Finally, Waddell & Reed Financial Inc. bought a new stake in Ulta Beauty during the 2nd quarter worth $125,933,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research reaffirmed a “buy” rating and set a $316.00 target price on shares of Ulta Beauty in a report on Saturday, November 17th. BidaskClub raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 15th. Piper Jaffray Companies lifted their target price on Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a report on Monday, November 12th. Jefferies Financial Group set a $335.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, Deutsche Bank set a $300.00 target price on Ulta Beauty and gave the stock a “hold” rating in a report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $288.84.
Shares of NASDAQ:ULTA traded up $7.12 during trading on Friday, hitting $284.15. 74,869 shares of the company were exchanged, compared to its average volume of 853,457. The company has a market cap of $16.68 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.41 and a beta of 0.94. Ulta Beauty Inc has a 52-week low of $191.70 and a 52-week high of $322.49.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Equities analysts forecast that Ulta Beauty Inc will post 10.82 earnings per share for the current year.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
Further Reading: Market Capitalization and Individual Investors
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