EP Wealth Advisors LLC Purchases 2,068 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

EP Wealth Advisors LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 284.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,796 shares of the specialty retailer’s stock after acquiring an additional 2,068 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ulta Beauty were worth $1,088,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Ulta Beauty by 83.3% in 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 during the last quarter. Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth about $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the 3rd quarter valued at about $32,000. Oakworth Capital Inc. bought a new stake in Ulta Beauty during the 2nd quarter valued at about $36,000. Finally, TruNorth Capital Management LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at about $39,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.5 %

NASDAQ ULTA opened at $411.92 on Wednesday. The firm has a market cap of $19.10 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33. The company has a 50 day moving average price of $374.73 and a 200 day moving average price of $376.92. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Piper Sandler lifted their price objective on shares of Ulta Beauty from $357.00 to $360.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup lifted their price objective on shares of Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $395.00 to $455.00 and gave the company a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $439.30.

About 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.