National Bank of Canada FI Acquires 7,524 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

National Bank of Canada FI increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 40.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,916 shares of the specialty retailer’s stock after buying an additional 7,524 shares during the period. National Bank of Canada FI’s holdings in Ulta Beauty were worth $10,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings 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 valued at $244,000 after buying an additional 28 shares in the last quarter. UMB Bank n.a. increased its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 33 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after purchasing an additional 33 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in Ulta Beauty by 6.8% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $201,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $430.09 on Thursday. The company has a fifty day moving average of $375.39 and a two-hundred day moving average of $377.13. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market capitalization of $19.94 billion, a PE ratio of 17.22, a P/E/G ratio of 2.42 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Ulta Beauty, Inc. will post 23.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on Ulta Beauty from $435.00 to $505.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Piper Sandler lifted their price objective on shares of Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group raised their target price on Ulta Beauty from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Evercore ISI dropped their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.