Evergreen Private Wealth LLC Acquires 616 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Evergreen Private Wealth LLC boosted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,518 shares of the specialty retailer’s stock after purchasing an additional 616 shares during the quarter. Ulta Beauty comprises approximately 1.8% of Evergreen Private Wealth LLC’s investment portfolio, making the stock its 26th biggest position. Evergreen Private Wealth LLC’s holdings in Ulta Beauty were worth $3,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ULTA. EverSource Wealth Advisors LLC grew its stake in Ulta Beauty by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 147 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $264,000. Creative Financial Designs Inc. ADV grew its position in shares of Ulta Beauty by 19.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the specialty retailer’s stock valued at $172,000 after purchasing an additional 63 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Ulta Beauty by 1.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,857 shares of the specialty retailer’s stock worth $4,722,000 after purchasing an additional 159 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in shares of Ulta Beauty during the fourth quarter worth approximately $985,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI boosted their price target on Ulta Beauty from $465.00 to $490.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Truist Financial boosted their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Robert W. Baird upped their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Piper Sandler reiterated a “neutral” rating and issued a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, Argus lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $465.04.

Ulta Beauty Trading Up 0.1%

Shares of NASDAQ ULTA opened at $476.84 on Monday. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.89 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $498.52. The stock has a 50-day moving average price of $445.81 and a two-hundred day moving average price of $403.20.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the company earned $6.47 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current 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.