2,474 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,474 shares of the specialty retailer's stock, valued at approximately $962,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC lifted its position in Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock worth $461,059,000 after buying an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $359,480,000. TD Asset Management Inc raised its stake in shares of Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock worth $239,545,000 after acquiring an additional 76,721 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock worth $237,519,000 after purchasing an additional 31,540 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ULTA. Telsey Advisory Group raised their price target on shares of Ulta Beauty from $450.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research report on Monday, October 14th. UBS Group upped their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. TD Cowen lowered their price objective 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. Finally, Robert W. Baird cut 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and a consensus price target of $439.30.

Ulta Beauty Stock Down 1.4 %

Shares of NASDAQ ULTA traded down $6.18 during trading on Thursday, reaching $423.91. The company had a trading volume of 631,209 shares, compared to its average volume of 983,951. The stock has a market cap of $19.66 billion, a P/E ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.33. The company's fifty day moving average price is $376.51 and its 200-day moving average price is $377.50. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business posted $5.07 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.48 earnings per share for the current 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.