Stock Yards Bank & Trust Co. purchased a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,117 shares of the specialty retailer’s stock, valued at approximately $6,512,000.
A number of other large investors have also recently made changes to their positions in ULTA. Vanguard Group Inc. boosted its holdings in Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after purchasing an additional 173,627 shares during the last quarter. BlackRock Inc. raised its stake in Ulta Beauty by 6.2% during the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after buying an additional 247,992 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Ulta Beauty by 173.8% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Ulta Beauty by 162.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock worth $109,033,000 after purchasing an additional 298,725 shares during the period. Institutional investors own 89.31% of the company’s stock.
Ulta Beauty Inc (ULTA) opened at $219.47 on Friday. Ulta Beauty Inc has a one year low of $187.96 and a one year high of $314.86. The stock has a market cap of $13,390.00, a P/E ratio of 28.07, a PEG ratio of 1.37 and a beta of 0.54.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) 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%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. equities analysts expect that Ulta Beauty Inc will post 8.36 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Piper Jaffray Companies set a $206.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, November 30th. Jefferies Group reissued a “positive” rating and set a $221.64 price objective (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, Oppenheimer reissued a “hold” rating on shares of Ulta Beauty in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $265.53.
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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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