Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 49.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,159 shares of the specialty retailer’s stock after purchasing an additional 382 shares during the period. Sigma Planning Corp’s holdings in Ulta Beauty were worth $451,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ULTA. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after acquiring an additional 157,497 shares in the last quarter. Boston Partners raised its stake in shares of Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares during the period. Swedbank AB lifted its holdings in shares of Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after acquiring an additional 124,164 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after acquiring an additional 76,721 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $365.17 on Friday. 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. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a fifty day moving average price of $380.11 and a two-hundred day moving average price of $379.67.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company earned $6.02 EPS. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several research reports. Piper Sandler raised their price objective on Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Telsey Advisory Group reissued an “outperform” rating and set a $450.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Oppenheimer reissued an “outperform” rating and set a $435.00 target price on shares of Ulta Beauty in a research report on Wednesday, October 16th. Finally, UBS Group lowered their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.