Pacific Wealth Strategies Group Inc. bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 687 shares of the specialty retailer’s stock, valued at approximately $248,000.
A number of other institutional investors have also made changes to their positions in the business. State of Wisconsin Investment Board raised its stake in shares of Ulta Beauty by 14.1% during the first quarter. State of Wisconsin Investment Board now owns 29,766 shares of the specialty retailer’s stock valued at $9,203,000 after purchasing an additional 3,674 shares in the last quarter. Baker Tilly Wealth Management LLC acquired a new position in Ulta Beauty during the 1st quarter valued at about $208,000. Principal Financial Group Inc. raised its position in shares of Ulta Beauty by 33.7% during the 1st quarter. Principal Financial Group Inc. now owns 102,503 shares of the specialty retailer’s stock worth $31,690,000 after buying an additional 25,838 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Ulta Beauty by 66.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,941 shares of the specialty retailer’s stock worth $1,236,000 after acquiring an additional 1,575 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Ulta Beauty by 326.4% in the first quarter. Schroder Investment Management Group now owns 3,688 shares of the specialty retailer’s stock valued at $1,139,000 after acquiring an additional 2,823 shares in the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on ULTA shares. Cleveland Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating in a research report on Friday, October 8th. Stifel Nicolaus lifted their price target on Ulta Beauty from $330.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday, August 18th. BMO Capital Markets lifted their price target on Ulta Beauty from $320.00 to $345.00 and gave the company a “market perform” rating in a research report on Thursday, August 26th. Zacks Investment Research cut Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a $390.00 price target on the stock. in a research report on Tuesday, October 26th. Finally, Citigroup lifted their price target on Ulta Beauty from $360.00 to $410.00 and gave the company a “neutral” rating in a research report on Thursday, August 26th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $413.00.
Shares of Ulta Beauty stock traded up $0.63 during midday trading on Thursday, hitting $409.56. The company’s stock had a trading volume of 367,971 shares, compared to its average volume of 717,720. The firm has a market capitalization of $22.26 billion, a P/E ratio of 31.48, a PEG ratio of 2.02 and a beta of 1.67. The stock has a 50-day simple moving average of $383.60 and a 200-day simple moving average of $360.23. Ulta Beauty, Inc. has a 1-year low of $258.00 and a 1-year high of $417.85.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Tuesday, August 24th. The specialty retailer reported $4.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $2.00. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ulta Beauty had a return on equity of 40.49% and a net margin of 9.50%. Ulta Beauty’s revenue was up 60.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. On average, analysts forecast that Ulta Beauty, Inc. will post 15.09 EPS for the current year.
About Ulta Beauty
Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.
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