Dakota Wealth Management raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 198.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,825 shares of the specialty retailer’s stock after purchasing an additional 4,539 shares during the quarter. Dakota Wealth Management’s holdings in Ulta Beauty were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Focus Partners Wealth lifted its position in shares of Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after buying an additional 2,615 shares during the period. Intech Investment Management LLC grew its position in Ulta Beauty by 48.9% in the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after acquiring an additional 1,574 shares during the period. Sivia Capital Partners LLC bought a new stake in Ulta Beauty in the second quarter valued at $466,000. Edmond DE Rothschild Holding S.A. acquired a new position in Ulta Beauty during the second quarter worth $141,000. Finally, XTX Topco Ltd acquired a new position in Ulta Beauty during the second quarter worth $407,000. 90.39% of the stock is currently owned by institutional investors.
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA opened at $510.34 on Friday. The business has a fifty day moving average of $638.29 and a 200-day moving average of $586.92. Ulta Beauty Inc. has a twelve month low of $323.36 and a twelve month high of $714.97. The firm has a market cap of $22.64 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.82.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ULTA shares. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Raymond James Financial reiterated a “strong-buy” rating on shares of Ulta Beauty in a research report on Tuesday, March 10th. Bank of America lifted their price target on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Jefferies Financial Group began coverage on shares of Ulta Beauty in a research note on Wednesday, January 14th. They set a “hold” rating and a $700.00 price objective on the stock. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $671.27.
Read Our Latest Research Report on ULTA
Ulta Beauty Company Profile
Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.
The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.
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