Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Quest Partners LLC

Quest Partners LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,197 shares of the specialty retailer’s stock after purchasing an additional 218 shares during the quarter. Quest Partners LLC’s holdings in Ulta Beauty were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ULTA. UMB Bank n.a. increased its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares during the period. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth approximately $32,000. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty during the second quarter worth $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.1 %

Shares of Ulta Beauty stock opened at $338.38 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business’s fifty day moving average is $376.80 and its two-hundred day moving average is $377.30. The firm has a market cap of $15.94 billion, a PE ratio of 13.58, a P/E/G ratio of 1.95 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company posted $6.02 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ULTA shares. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Citigroup cut their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Evercore ISI dropped their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, The Goldman Sachs Group cut their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $420.71.

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.