Ulta Beauty Inc. (NASDAQ:ULTA) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 31.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,340 shares of the specialty retailer’s stock after acquiring an additional 2,222 shares during the quarter. Cerity Partners LLC’s holdings in Ulta Beauty were worth $3,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC raised its position in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Ulta Beauty in the first quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Ulta Beauty in the first quarter valued at $31,000. Rakuten Securities Inc. boosted its stake in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $493.30 on Friday. The firm has a market capitalization of $22.17 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 2.97 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $498.52. The stock has a fifty day moving average of $455.14 and a two-hundred day moving average of $405.29.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. Ulta Beauty’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.47 EPS. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Robert W. Baird increased their target price on Ulta Beauty from $440.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Citigroup lifted their target price on Ulta Beauty from $425.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, May 30th. Loop Capital reiterated a “buy” rating and issued a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $465.04.

Ulta Beauty Company 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.