Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 12.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,310 shares of the specialty retailer's stock after buying an additional 20,613 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.40% of Ulta Beauty worth $73,664,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty in the third quarter worth approximately $359,480,000. Hsbc Holdings PLC boosted its stake in Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer's stock valued at $130,380,000 after purchasing an additional 157,497 shares in the last quarter. Swedbank AB increased its position in shares of Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer's stock valued at $92,683,000 after purchasing an additional 124,164 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock worth $239,545,000 after buying an additional 76,721 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on ULTA shares. William Blair cut Ulta Beauty from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 21st. Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research report on Monday, October 14th. StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Oppenheimer restated an "outperform" rating and set a $435.00 target price on shares of Ulta Beauty in a report on Wednesday, October 16th. Finally, Loop Capital dropped their price target on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating on the stock in a report on Tuesday, September 3rd. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $422.58.
View Our Latest Stock Report on ULTA
Shares of NASDAQ:ULTA opened at $386.64 on Friday. The firm has a fifty day moving average of $374.12 and a two-hundred day moving average of $376.37. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market capitalization of $18.22 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.02 earnings per share. Equities research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.