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Fifth Third Bancorp grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 1,185.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,346 shares of the specialty retailer’s stock after purchasing an additional 12,308 shares during the period. Fifth Third Bancorp’s holdings in Ulta Beauty were worth $5,354,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 grew its position in shares of Ulta Beauty by 43.1% during the 1st quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock valued at $906,392,000 after purchasing an additional 685,026 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Ulta Beauty by 111.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock valued at $362,536,000 after purchasing an additional 495,734 shares in the last quarter. FMR LLC grew its position in shares of Ulta Beauty by 94.9% during the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock valued at $289,899,000 after purchasing an additional 366,138 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Ulta Beauty by 7,441.9% during the 2nd quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock valued at $270,376,000 after purchasing an additional 692,100 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ULTA. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty to $535.00 in a research report on Monday, November 28th. Credit Suisse Group upped their target price on shares of Ulta Beauty to $535.00 in a research report on Friday, December 2nd. UBS Group upped their target price on shares of Ulta Beauty from $540.00 to $590.00 and gave the stock a “buy” rating in a research report on Friday, December 2nd. Robert W. Baird upped their target price on shares of Ulta Beauty from $500.00 to $550.00 in a research report on Friday, December 2nd. Finally, StockNews.com lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $514.24.
Ulta Beauty Trading Up 1.1 %
Shares of NASDAQ:ULTA opened at $488.94 on Friday. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a 50-day moving average price of $449.64 and a 200-day moving average price of $417.57. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $490.98.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings data on Thursday, December 1st. The specialty retailer reported $5.34 EPS for the quarter, beating the consensus estimate of $4.09 by $1.25. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.21 billion. Ulta Beauty had a net margin of 12.26% and a return on equity of 68.33%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.94 earnings per share. As a group, research analysts forecast that Ulta Beauty, Inc. will post 22.87 EPS for the current fiscal year.
Ulta Beauty Company Profile
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.
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