Charles Schwab Investment Management Inc. Purchases 12,334 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Charles Schwab Investment Management Inc. lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,272 shares of the specialty retailer’s stock after purchasing an additional 12,334 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ulta Beauty were worth $121,791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in Ulta Beauty by 3.8% in the fourth quarter. Cerity Partners LLC now owns 7,118 shares of the specialty retailer’s stock worth $2,871,000 after acquiring an additional 262 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Ulta Beauty in the fourth quarter worth $28,146,000. Sterling Capital Management LLC boosted its holdings in Ulta Beauty by 4.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,043 shares of the specialty retailer’s stock worth $454,000 after acquiring an additional 42 shares in the last quarter. Sagespring Wealth Partners LLC bought a new stake in Ulta Beauty in the fourth quarter worth $259,000. Finally, Advisors Capital Management LLC boosted its holdings in Ulta Beauty by 0.5% in the fourth quarter. Advisors Capital Management LLC now owns 34,743 shares of the specialty retailer’s stock worth $15,111,000 after acquiring an additional 158 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ULTA. Barclays boosted their target price on Ulta Beauty from $327.00 to $485.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Loop Capital restated a “hold” rating and issued a $510.00 price target on shares of Ulta Beauty in a research note on Friday, July 25th. DA Davidson boosted their price target on Ulta Beauty from $550.00 to $585.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Oppenheimer boosted their price target on Ulta Beauty from $465.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $469.09.

Ulta Beauty Stock Up 0.1%

Shares of ULTA opened at $498.70 on Tuesday. The business has a 50-day simple moving average of $483.83 and a two-hundred day simple moving average of $415.40. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 3.01 and a beta of 1.12. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $523.68.

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

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.