Simmons Bank Acquires 634 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Simmons Bank lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,124 shares of the specialty retailer’s stock after purchasing an additional 634 shares during the period. Simmons Bank’s holdings in Ulta Beauty were worth $2,229,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Ulta Beauty by 22.4% in the 3rd quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 44 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ulta Beauty by 63.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,468 shares of the specialty retailer’s stock worth $2,128,000 after acquiring an additional 2,114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ulta Beauty by 27.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,147 shares of the specialty retailer’s stock worth $1,675,000 after acquiring an additional 889 shares in the last quarter. Forsta AP Fonden increased its holdings in Ulta Beauty by 12.1% in the 3rd quarter. Forsta AP Fonden now owns 10,200 shares of the specialty retailer’s stock worth $3,969,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Ulta Beauty by 2.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,011 shares of the specialty retailer’s stock worth $3,117,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ULTA shares. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Stock Up 0.3 %

Shares of ULTA opened at $366.73 on Thursday. The company has a market cap of $17.01 billion, a PE ratio of 14.68, a P/E/G ratio of 0.89 and a beta of 1.28. The business has a fifty day moving average of $405.50 and a 200 day moving average of $387.96. 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 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. The firm had revenue of $2.53 billion during 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 business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.07 earnings per share. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.