33,000 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,000 shares of the specialty retailer’s stock, valued at approximately $12,841,000.

Several other hedge funds have also recently bought and sold shares of the stock. Meeder Advisory Services Inc. grew its position in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 26 shares during the last quarter. Sage Capital Advisors llc grew its holdings in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 27 shares in the last quarter. UMB Bank n.a. grew its holdings 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 buying an additional 30 shares in the last quarter. AdvisorNet Financial Inc increased its position in Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after buying an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Ulta Beauty by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after buying an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ULTA has been the topic of several research reports. Stifel Nicolaus upped their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Robert W. Baird decreased their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft cut their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $373.08 on Thursday. The company’s 50 day moving average price is $376.44 and its two-hundred day moving average price is $382.17. The firm has a market capitalization of $17.58 billion, a P/E ratio of 15.09, a P/E/G ratio of 2.14 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned $6.02 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

About Ulta Beauty

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.