Parnassus Investments LLC Has $364,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Parnassus Investments LLC boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 912 shares of the specialty retailer’s stock after purchasing an additional 38 shares during the period. Parnassus Investments LLC’s holdings in Ulta Beauty were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new position in Ulta Beauty in the second quarter valued at $26,000. Ancora Advisors LLC bought a new position in Ulta Beauty in the first quarter valued at $31,000. Fortis Capital Advisors LLC acquired a new stake in Ulta Beauty in the first quarter valued at $31,000. Carolinas Wealth Consulting LLC lifted its stake in Ulta Beauty by 106.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 32 shares during the last quarter. Finally, RFP Financial Group LLC lifted its stake in Ulta Beauty by 219.0% in the second quarter. RFP Financial Group LLC now owns 67 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.

Ulta Beauty Stock Down 0.6 %

Shares of Ulta Beauty stock opened at $502.38 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $556.60. The company has a 50-day simple moving average of $481.47 and a two-hundred day simple moving average of $435.77. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.08 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.96 by $0.11. Ulta Beauty had a net margin of 11.37% and a return on equity of 61.42%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company earned $5.34 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 25.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 1,804 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $490.02, for a total value of $883,996.08. Following the transaction, the insider now directly owns 5,590 shares of the company’s stock, valued at approximately $2,739,211.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Ulta Beauty news, insider Jodi J. Caro sold 1,804 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $490.02, for a total value of $883,996.08. Following the transaction, the insider now directly owns 5,590 shares of the company’s stock, valued at approximately $2,739,211.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lorna Nagler sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total transaction of $244,090.00. Following the completion of the transaction, the director now directly owns 6,529 shares in the company, valued at $3,187,327.22. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird increased their price target on shares of Ulta Beauty from $550.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. UBS Group increased their price target on shares of Ulta Beauty from $560.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Piper Sandler increased their price target on shares of Ulta Beauty from $540.00 to $572.00 and gave the company an “overweight” rating in a research note on Friday, December 1st. Citigroup increased their price target on shares of Ulta Beauty from $440.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Company raised their target price on shares of Ulta Beauty from $375.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $528.95.

Read Our Latest Research Report on Ulta Beauty

Ulta Beauty Profile

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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