11,514 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 11,514 shares of the specialty retailer’s stock, valued at approximately $4,480,000.

A number of other hedge funds have also made changes to their positions in ULTA. Choreo LLC increased its position in Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Ulta Beauty in the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 139 shares during the last quarter. Jensen Investment Management Inc. lifted its stake in shares of Ulta Beauty by 17.9% during the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after purchasing an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at $14,665,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup lowered their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. B. Riley began coverage on Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. TD Cowen lowered their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. DA Davidson cut their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Stock Up 0.3 %

Shares of NASDAQ ULTA opened at $343.26 on Thursday. The stock has a market cap of $16.17 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.97 and a beta of 1.33. The firm’s 50-day simple moving average is $378.29 and its 200 day simple moving average is $378.08. 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 issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the company posted $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

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.