Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Evergreen Private Wealth LLC

Evergreen Private Wealth LLC boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,902 shares of the specialty retailer’s stock after buying an additional 373 shares during the quarter. Ulta Beauty accounts for approximately 2.0% of Evergreen Private Wealth LLC’s holdings, making the stock its 23rd biggest holding. Evergreen Private Wealth LLC’s holdings in Ulta Beauty were worth $4,307,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC lifted its stake in shares of Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in shares of Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Piper Sandler increased their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. TD Cowen increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. DA Davidson increased their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup increased their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $355.00 on Friday. The firm has a market cap of $16.46 billion, a PE ratio of 14.21, a P/E/G ratio of 0.89 and a beta of 1.28. The firm’s 50 day moving average price is $396.09 and its two-hundred day moving average price is $388.09. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 EPS. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.