Virginia Retirement Systems ET AL lifted its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 42.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,600 shares of the specialty retailer’s stock after acquiring an additional 16,300 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.09% of Ulta Beauty worth $18,940,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. raised its position in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth $26,000. Motco acquired a new stake in shares of Ulta Beauty during the first quarter worth $29,000. NEXT Financial Group Inc grew its stake in shares of Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares during the period. Finally, Hudock Capital Group LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $34,000. Institutional investors own 88.31% of the company’s stock.
A number of brokerages recently commented on ULTA. Oppenheimer decreased their price objective on Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Deutsche Bank lifted their price objective on Ulta Beauty from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, June 3rd. Morgan Stanley lifted their price objective on Ulta Beauty from $375.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. UBS Group lifted their price objective on Ulta Beauty from $370.00 to $390.00 and gave the stock a “top pick” rating in a research note on Thursday, July 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $375.00 price objective (up from $350.00) on shares of Ulta Beauty in a research note on Tuesday, May 14th. Seven research 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 stock currently has an average rating of “Buy” and an average price target of $353.39.
NASDAQ:ULTA traded down $0.80 on Wednesday, reaching $339.48. The company’s stock had a trading volume of 28,692 shares, compared to its average volume of 661,072. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $368.83. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.43 and a beta of 0.96. The stock’s 50-day moving average price is $349.52.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.
Ulta Beauty 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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