Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 284.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,796 shares of the specialty retailer’s stock after purchasing an additional 2,068 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ulta Beauty were worth $1,088,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Oakworth Capital Inc. purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $36,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ULTA. BMO Capital Markets upped their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Piper Sandler upped their price objective on shares of Ulta Beauty from $357.00 to $360.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Bank of America lowered their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Stock Down 1.5 %

Shares of NASDAQ ULTA opened at $411.92 on Wednesday. The firm has a 50-day simple moving average of $374.73 and a 200-day simple moving average of $376.92. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.07 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

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.