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Foundry Partners LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 38.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 809 shares of the specialty retailer’s stock after purchasing an additional 226 shares during the period. Foundry Partners LLC’s holdings in Ulta Beauty were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after purchasing an additional 40,190 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Ulta Beauty by 43.1% in the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock worth $906,392,000 after buying an additional 685,026 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Ulta Beauty by 111.5% in the second quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after buying an additional 495,734 shares during the period. FMR LLC boosted its holdings in shares of Ulta Beauty by 94.9% in the second quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock worth $289,899,000 after buying an additional 366,138 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ulta Beauty by 7,441.9% in the second quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock worth $270,376,000 after buying an additional 692,100 shares during the period. Institutional investors own 90.47% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on ULTA. The Goldman Sachs Group cut shares of Ulta Beauty from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $511.00 to $508.00 in a report on Monday, December 12th. Wells Fargo & Company raised their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “equal weight” rating in a report on Friday, December 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ulta Beauty from $589.00 to $607.00 in a report on Friday, December 2nd. UBS Group raised their price target on shares of Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a report on Friday, December 2nd. Finally, Morgan Stanley raised their price target on shares of Ulta Beauty from $435.00 to $445.00 and gave the stock an “equal weight” rating in a report on Monday, December 5th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $513.45.
Ulta Beauty Stock Up 0.9 %
NASDAQ:ULTA opened at $469.07 on Friday. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $483.80. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.49 and a beta of 1.32. The company’s 50 day moving average is $443.01 and its 200-day moving average is $415.44.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, December 1st. The specialty retailer reported $5.34 EPS for the quarter, beating analysts’ consensus estimates of $4.09 by $1.25. Ulta Beauty had a net margin of 12.26% and a return on equity of 68.33%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted $3.94 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
About Ulta Beauty
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
Further Reading
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