Aurora Investment Counsel acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,595 shares of the specialty retailer's stock, valued at approximately $2,566,000. Ulta Beauty comprises 1.4% of Aurora Investment Counsel's holdings, making the stock its 12th biggest position.
Several other large investors have also recently added to or reduced their stakes in ULTA. Choreo LLC grew its position in shares of 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 acquiring an additional 1,198 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $19,136,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock valued at $1,072,000 after buying an additional 139 shares during the last quarter. Jensen Investment Management Inc. boosted its position in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer's stock worth $4,409,000 after buying an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC bought a new position in Ulta Beauty in the 2nd quarter worth approximately $14,665,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA opened at $343.26 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $16.17 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33. The firm has a 50 day simple moving average of $378.29 and a 200 day simple moving average of $378.08.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.02 EPS. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Canaccord Genuity Group reduced their price target on Ulta Beauty from $522.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. The Goldman Sachs Group reduced their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating for the company in a report on Monday, August 12th. Loop Capital decreased their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a "buy" rating for the company in a research report on Tuesday, September 3rd. B. Riley assumed coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They set a "sell" rating and a $300.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $420.71.
View Our Latest Stock Analysis on ULTA
About Ulta Beauty
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report).
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