EverSource Wealth Advisors LLC Acquires 147 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

EverSource Wealth Advisors LLC increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 32.4% during the 4th quarter, HoldingsChannel reports. The fund owned 601 shares of the specialty retailer’s stock after buying an additional 147 shares during the period. EverSource Wealth Advisors LLC’s holdings in Ulta Beauty were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Sigma Planning Corp increased its position in Ulta Beauty by 49.2% during the 3rd quarter. Sigma Planning Corp now owns 1,159 shares of the specialty retailer’s stock valued at $451,000 after buying an additional 382 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Ulta Beauty by 44.7% during the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock valued at $544,000 after acquiring an additional 432 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Ulta Beauty by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,909 shares of the specialty retailer’s stock worth $43,546,000 after purchasing an additional 1,687 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Ulta Beauty by 24.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,907 shares of the specialty retailer’s stock worth $3,855,000 after purchasing an additional 1,977 shares in the last quarter. Finally, KBC Group NV grew its position in Ulta Beauty by 305.3% during the 3rd quarter. KBC Group NV now owns 29,726 shares of the specialty retailer’s stock valued at $11,567,000 after purchasing an additional 22,392 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research note on Friday. Barclays decreased their price target on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday. Piper Sandler dropped their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Canaccord Genuity Group decreased their target price on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $431.13.

Ulta Beauty Stock Up 13.7 %

Shares of Ulta Beauty stock opened at $357.48 on Friday. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $544.36. The stock’s 50-day simple moving average is $385.01 and its 200-day simple moving average is $386.80. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $8.08 EPS. The company’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.