Fisher Asset Management LLC increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 11.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 460 shares of the specialty retailer’s stock after purchasing an additional 46 shares during the quarter. Fisher Asset Management LLC’s holdings in Ulta Beauty were worth $217,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ULTA. Prudential PLC acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $425,000. Vanguard Group Inc. raised its position in shares of Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after purchasing an additional 40,190 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Ulta Beauty by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after purchasing an additional 223 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Ulta Beauty by 38.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 311 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.
Analysts Set New Price Targets
ULTA has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of Ulta Beauty from $560.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. StockNews.com assumed coverage on Ulta Beauty in a report on Thursday, October 5th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Ulta Beauty from $570.00 to $571.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Barclays lowered their price target on shares of Ulta Beauty from $600.00 to $587.00 in a research report on Sunday, August 27th. Finally, Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $350.00 to $375.00 and gave the company an “underweight” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $530.35.
Ulta Beauty Stock Down 0.9 %
Shares of Ulta Beauty stock opened at $405.61 on Tuesday. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $556.60. The company has a 50 day moving average of $392.70 and a 200 day moving average of $431.69. The company has a market capitalization of $19.97 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.79 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.17. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $5.70 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 25.45 earnings per share for the current fiscal year.
About Ulta Beauty
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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