Evergreen Capital Management LLC Purchases 3,910 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Evergreen Capital Management LLC grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 93.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,098 shares of the specialty retailer’s stock after buying an additional 3,910 shares during the quarter. Evergreen Capital Management LLC’s holdings in Ulta Beauty were worth $3,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC boosted its position in Ulta Beauty by 32.4% in the fourth quarter. Corient Private Wealth LLC now owns 12,509 shares of the specialty retailer’s stock worth $6,129,000 after purchasing an additional 3,059 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Ulta Beauty by 40.0% in the 4th quarter. US Bancorp DE now owns 16,539 shares of the specialty retailer’s stock worth $8,104,000 after buying an additional 4,729 shares during the last quarter. Commerce Bank grew its position in Ulta Beauty by 1.0% during the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock valued at $1,344,000 after buying an additional 26 shares during the period. Hsbc Holdings PLC increased its holdings in Ulta Beauty by 2.4% during the fourth quarter. Hsbc Holdings PLC now owns 155,468 shares of the specialty retailer’s stock worth $76,124,000 after buying an additional 3,587 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in Ulta Beauty in the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $393.84 on Tuesday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market capitalization of $18.79 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.22 and a beta of 1.31. The firm’s 50 day simple moving average is $367.99 and its 200 day simple moving average is $405.89.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 earnings per share. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ULTA. Robert W. Baird decreased their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Bank of America lowered their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. DA Davidson cut their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, UBS Group cut their target price on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $425.29.

Insider Transactions at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Ulta Beauty 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.