South Dakota Investment Council Acquires 1,000 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

South Dakota Investment Council increased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 181.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,550 shares of the specialty retailer’s stock after purchasing an additional 1,000 shares during the quarter. South Dakota Investment Council’s holdings in Ulta Beauty were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 27 shares during the period. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after purchasing an additional 28 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer’s stock valued at $259,000 after acquiring an additional 29 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 30 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 30 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.8%

Shares of NASDAQ:ULTA opened at $497.41 on Tuesday. The stock has a market capitalization of $22.36 billion, a PE ratio of 19.43, a P/E/G ratio of 2.99 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $500.95. The firm has a fifty day moving average price of $455.14 and a 200 day moving average price of $404.92.

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

Analyst Ratings Changes

ULTA has been the subject of a number of recent research reports. Loop Capital reissued a “buy” rating and set a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Canaccord Genuity Group raised their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Barclays raised their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $520.00 target price on shares of Ulta Beauty in a research report on Friday, July 11th. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $465.04.

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.