57 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Riverview Trust Co

Riverview Trust Co purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57 shares of the specialty retailer’s stock, valued at approximately $30,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC lifted its holdings in shares of Ulta Beauty by 6.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 6,665 shares of the specialty retailer’s stock worth $3,485,000 after acquiring an additional 424 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Ulta Beauty during the first quarter valued at about $176,753,000. International Assets Investment Management LLC increased its holdings in shares of Ulta Beauty by 14.8% in the first quarter. International Assets Investment Management LLC now owns 683 shares of the specialty retailer’s stock worth $361,000 after buying an additional 88 shares during the period. Running Oak Capital LLC lifted its stake in shares of Ulta Beauty by 10.7% in the 1st quarter. Running Oak Capital LLC now owns 20,717 shares of the specialty retailer’s stock valued at $10,833,000 after acquiring an additional 2,005 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ulta Beauty in the 1st quarter valued at about $861,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ULTA. Oppenheimer lowered their price objective on Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Bank of America dropped their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. Evercore ISI reduced their target price on Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Finally, Jefferies Financial Group dropped their price target on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus target price of $507.30.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $388.19 on Wednesday. The firm’s 50 day moving average price is $394.49 and its 200-day moving average price is $464.88. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $574.76. The company has a market cap of $18.52 billion, a PE ratio of 15.14, a P/E/G ratio of 1.70 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the business posted $6.88 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Ulta Beauty announced that its board has approved a share repurchase program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Ulta Beauty Company 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.