Maryland State Retirement & Pension System decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 3.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,819 shares of the specialty retailer’s stock after selling 137 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ulta Beauty were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $26,000. Ahrens Investment Partners LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $27,000. Parkside Financial Bank & Trust boosted its position in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the period. BOKF NA acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $30,000. Finally, Ancora Advisors LLC purchased a new stake in Ulta Beauty in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 92.30% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ULTA. Stifel Nicolaus reduced their price objective on Ulta Beauty from $525.00 to $475.00 in a research note on Friday, May 26th. Wells Fargo & Company increased their price objective on Ulta Beauty from $350.00 to $375.00 and gave the stock an “underweight” rating in a research note on Friday, August 25th. Robert W. Baird reduced their price objective on Ulta Beauty from $560.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday, August 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Ulta Beauty from $570.00 to $571.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, BMO Capital Markets reduced their price objective on Ulta Beauty from $510.00 to $485.00 in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $545.13.
Ulta Beauty Stock Performance
Shares of ULTA stock opened at $404.25 on Friday. The stock’s 50 day simple moving average is $436.61 and its 200 day simple moving average is $474.33. Ulta Beauty, Inc. has a twelve month low of $373.80 and a twelve month high of $556.60. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.82 and a beta of 1.34.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its earnings results on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 63.51% and a net margin of 11.77%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.70 EPS. On average, analysts forecast that Ulta Beauty, Inc. will post 25.38 EPS for the current fiscal year.
Ulta Beauty Profile
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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