Ted Buchan & Co Acquires New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ted Buchan & Co acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,428 shares of the specialty retailer’s stock, valued at approximately $551,000.

Several other large investors also recently modified their holdings of the business. Vima LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth about $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty during the first quarter worth about $30,000. Sound Income Strategies LLC raised its position in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the period. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $31,000. Finally, UMB Bank n.a. raised 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 during the period. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ULTA shares. UBS Group dropped their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Evercore ISI dropped their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Piper Sandler reissued a “neutral” rating and issued a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research report on Friday, August 30th. BMO Capital Markets dropped their target price on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $425.29.

Ulta Beauty Price Performance

ULTA opened at $389.12 on Tuesday. The business has a fifty day simple moving average of $368.35 and a 200 day simple moving average of $400.45. The company has a market capitalization of $18.34 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $6.02 earnings per share. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

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.