First Trust Advisors LP decreased its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,363 shares of the specialty retailer’s stock after selling 764 shares during the quarter. First Trust Advisors LP owned about 0.08% of Ulta Beauty worth $7,795,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Regent Investment Management LLC increased its stake in Ulta Beauty by 3.3% during the fourth quarter. Regent Investment Management LLC now owns 1,253 shares of the specialty retailer’s stock worth $317,000 after acquiring an additional 40 shares during the last quarter. BancorpSouth Bank increased its stake in Ulta Beauty by 3.4% during the fourth quarter. BancorpSouth Bank now owns 1,260 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 41 shares during the last quarter. Smith Moore & CO. increased its stake in Ulta Beauty by 3.8% during the fourth quarter. Smith Moore & CO. now owns 1,296 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 48 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Ulta Beauty by 28.0% during the first quarter. First Horizon Advisors Inc. now owns 224 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 49 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Ulta Beauty by 6.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 830 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 50 shares in the last quarter. 89.67% of the stock is owned by institutional investors.
Shares of NASDAQ ULTA opened at $222.76 on Friday. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.67. The business has a 50-day moving average of $205.32 and a two-hundred day moving average of $237.83. Ulta Beauty Inc has a 1 year low of $124.05 and a 1 year high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 12th. The specialty retailer reported $3.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.16. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Ulta Beauty had a return on equity of 36.75% and a net margin of 9.54%. Ulta Beauty’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 EPS. As a group, equities research analysts expect that Ulta Beauty Inc will post 7.96 earnings per share for the current year.
Ulta Beauty announced that its board has authorized a stock buyback plan on Thursday, March 12th that permits the company to repurchase $1.60 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 12.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently weighed in on the company. Nomura Instinet lifted their price objective on Ulta Beauty from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Sanford C. Bernstein raised Ulta Beauty to a “hold” rating in a research note on Friday, March 6th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. Cowen dropped their price objective on Ulta Beauty from $265.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, Robert W. Baird dropped their price objective on Ulta Beauty from $315.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and an average price target of $253.64.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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