Kestra Advisory Services LLC increased its stake in Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating) by 88.5% in the third quarter, according to a recent disclosure to the Securities and Exchange Commission (SEC). The institutional investor owned his 3,060 shares of the specialty retailer’s stock after purchasing an additional 1,437 shares during the quarter. Kestra Advisory Services LLC’s stake in Ulta Beauty was valued at $1,228,000 at the end of the most recent quarter.
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Many other hedge funds and other institutional investors have also changed their holdings in ULTA. Private Capital Group LLC increased his stake in Ulta Beauty by 265.0% in the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer worth $28,000 after purchasing an additional 53 shares in the previous quarter. Parkside Financial Bank & Trust increased its stake in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer worth $28,000 after purchasing an additional 26 shares last quarter. Global Trust Asset Management LLC purchased new shares of his Ulta Beauty in the third quarter for approximately $30,000. GPS Wealth Strategies Group LLC increased his Ulta Beauty holding by 76.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 81 shares of the specialty retailer worth $32,000 after purchasing an additional 35 shares during the period. Finally, Ronald Blue Trust Inc. increased his Ulta Beauty holdings by 52.7% in the third quarter. Ronald Blue Trust Inc. now owns 84 shares of the specialty retailer worth $32,000 after purchasing an additional 29 shares during the period. 90.47% of the shares are currently owned by hedge funds and other institutional investors.
Analyst sets new price target
A number of research firms have recently published reports on ULTA. Citigroup raised its price target on Ulta Beauty shares to $500.00 from $480.00 in its report on Friday, Dec. 2. UBS Group said in a report on Friday, Dec. 2, that he raised his price target on Ulta Beauty from $540.00 to $590.00, giving the company a “buy” rating. Credit Suisse Group raised its price target on Ulta Beauty to $535.00 in its report on Friday, December 2nd. Telsey Advisory Group raised its price target on Ulta Beauty from $510.00 to $575.00, giving the company an “Outperform” rating in its report on Friday, Dec. 2. Finally, Piper Sandler raised his Ulta Beauty price target from $510.00 to $525.00, giving the company an “Overweight” rating in a report on Tuesday, Nov. 29. One research analyst gave the company a sell rating, six assigned a hold rating, 13 assigned a buy rating, and one assigned a strong buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “moderate buy” with an average target price of $514.95.
Ulta Beauty Price Performance
ULTA opened Wednesday for $501.53. The stock has a market cap of $25.52 billion, a PE ratio of 22.05, a P/E/G ratio of 1.56, and a beta of 1.29. The company has a 50-day moving average price of $468.36 and a 200-day moving average price of $427.31. Ulta Beauty, Inc. has a 12-month low of $330.80 and a 12-month high of $503.04.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last reported quarterly results on Thursday, December 1. The specialty retailer posted earnings per share (EPS) of $5.34 for the quarter, beating consensus expectations of $4.09 by $1.25. The company posted revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.21 billion. Ulta Beauty had a net profit margin of 12.26% and a return on equity of 68.33%. The company’s quarterly revenue increased 17.2% year-over-year. His earnings per share for the company in the same period last year were $3.94. On average, equity research analysts expect Ulta Beauty, Inc. to post 22.87 earnings per share for the current financial year.
About Ulta Beauty
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The Company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools. professional hair products; salon services, including hair, skin, makeup and brow services; and nail service.
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