SSgA Funds Management, Inc. has recently announced that it has increased stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 1.41%. After grabbing 2.0 million shares, the institutional investor is now in possession of 27840.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.98% having worth around $1.1 billion. Moreover, Fidelity Management & Research Co increased its share by 0.31 million to have a control over 1.6 million shares. And Arrowstreet Capital LP raised its holdings to 0.24 million shares by acquiring 1.2 million shares or 2.39% of the stake.
Ulta Beauty Inc. (ULTA) concluded trading on 05/25/23 at a closing price of $485.12, with 1.96 million shares of worth about $950.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.79% during that period and on Thursday the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 50.62M shares, out of which, 49.36M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 28 analysts are covering the ULTA stock and their offered price forecasts bring an average price target of $568.55. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $640.00 and could fall to a lowest price of $400.00. The stock’s current price level is 13.82% above of average price target set by the analysts, while a rise to estimated low would result in loss of -21.28% for the stock. However, touching the estimated high of $640.00 would mean a gain of 24.2% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 71 times over the past 12 months. They bought 113,409 shares in 35 of the transactions. In 36 selling transactions, insiders dumped 123,369 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Ulta Beauty Inc. Vanguard Total Stock Market ETF is currently holding 1.58 million shares of worth totaling $871.42 million. The company recently came buying 5120.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. Vanguard 500 Index Fund bought 6391.0 shares, after which its hold over company’s outstanding shares expand to 2.38%, leaving 1.19 million shares with the mutual fund that have a worth of about $658.58 million. Vanguard Mid Cap Index Fund, after selling 1.19 million shares, have now control over 2.37% of the stake in the company. It holds 585.0 shares of worth $655.02 million.
Ulta Beauty Inc. (NASDAQ: ULTA) started trading at $487.21, above $5.78 from concluding price of the previous day. However, the stock later moved at a day high price of 489.61, or with a gain of 0.77%. Stock saw a price change of -5.55% in past 5 days and over the past one month there was a price change of -11.39%. Year-to-date (YTD), ULTA shares are showing a performance of 3.42% which increased to 41.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $337.08 but also hit the highest price of $556.60 during that period. The average intraday trading volume for Ulta Beauty Inc. shares is 679.47K. The stock is currently trading -5.27% below its 20-day simple moving average (SMA20), while that difference is down -7.24% for SMA50 and it goes to 3.19% higher than SMA200.
SSgA Funds Management, Inc. acquired 2.0 million shares of Ulta Beauty Inc. having value of about $1.1 billion. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 27840.0 shares in the company valued at close to $13505740.8, or have control over 1.41% stake in the company. Ulta Beauty Inc. (NASDAQ: ULTA) currently have 50.62M outstanding shares and institutions hold larger chunk of about 96.80% of that. Holding of mutual funds in the company is about 44.24% while other institutional holders and individual stake holders have control over 50.55% and 35.39% of the stake respectively.
The stock has a current market capitalization of $25.42B and its 3Y-monthly beta is at 1.33. PE ratio of stock for trailing 12 months is 20.20, while it has posted earnings per share of $24.01 in the same period. Its PEG reads 1.45 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ULTA, volatility over the week remained 2.44% while standing at 2.32% over the month.
Analysts are in expectations that Ulta Beauty Inc. (ULTA) stock would likely to be making an EPS of $6.87 in the current quarter, while forecast for next quarter EPS is $5.98 and it is $27.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $6.5 which is $7.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $6.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 33.60% while it is estimated to increase by 6.70% in next year. EPS is likely to shrink at an annualized rate of 13.92% for next 5-years, compared to annual growth of 20.20% made by the stock over the past 5-years.
