Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 42.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,064 shares of the specialty retailer’s stock after acquiring an additional 616 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Ulta Beauty were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ULTA. UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Ulta Beauty stock traded down $17.60 during midday trading on Friday, reaching $365.17. The stock had a trading volume of 1,440,970 shares, compared to its average volume of 962,623. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. The firm’s fifty day simple moving average is $380.06 and its two-hundred day simple moving average is $379.36.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the firm posted $6.02 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ULTA. Piper Sandler boosted their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lowered their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. UBS Group dropped their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen decreased their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.