Citizens Financial Group Inc. RI Has $938,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Citizens Financial Group Inc. RI grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,411 shares of the specialty retailer’s stock after purchasing an additional 185 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Ulta Beauty were worth $938,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. LRI Investments LLC bought a new stake in Ulta Beauty during the 1st quarter worth about $31,000. UMB Bank n.a. lifted 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $32,000. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $36,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $338.38 on Friday. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.97 and a beta of 1.33. The business has a 50 day simple moving average of $376.80 and a 200 day simple moving average of $377.41. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 EPS. On average, analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent research reports. Bank of America decreased their price objective on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Canaccord Genuity Group decreased their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Piper Sandler boosted their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $420.71.

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.