abrdn plc cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,052 shares of the specialty retailer's stock after selling 3,205 shares during the quarter. abrdn plc's holdings in Ulta Beauty were worth $7,023,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Meeder Advisory Services Inc. increased its position in shares of Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer's stock valued at $250,000 after purchasing an additional 26 shares during the period. Sage Capital Advisors llc boosted its stake in shares of Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer's stock worth $203,000 after acquiring an additional 27 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 30 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer's stock worth $268,000 after acquiring an additional 33 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Ulta Beauty by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer's stock worth $1,349,000 after acquiring an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ ULTA opened at $377.65 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock's 50-day moving average is $376.32 and its two-hundred day moving average is $381.40. The firm has a market cap of $17.79 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $6.02 earnings per share. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.
Several research firms have recently weighed in on ULTA. Barclays raised their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an "equal weight" rating in a research note on Friday, August 30th. Canaccord Genuity Group decreased their target price on Ulta Beauty from $522.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Bank of America decreased their target price on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, August 30th. TD Cowen decreased their target price on Ulta Beauty from $390.00 to $380.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on Ulta Beauty from $385.00 to $395.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $420.71.
Check Out Our Latest Stock Report on Ulta Beauty
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.
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