Ontario Teachers Pension Plan Board Acquires New Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ontario Teachers Pension Plan Board purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 923,828 shares of the specialty retailer's stock, valued at approximately $359,480,000. Ulta Beauty makes up about 3.0% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 15th largest holding. Ontario Teachers Pension Plan Board owned 1.96% of Ulta Beauty as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Ulta Beauty by 11.2% in the third quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer's stock valued at $6,822,000 after purchasing an additional 1,768 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Ulta Beauty by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,770 shares of the specialty retailer's stock worth $5,747,000 after acquiring an additional 1,450 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Ulta Beauty during the third quarter worth about $1,339,000. SouthState Corp grew its holdings in shares of Ulta Beauty by 2.9% during the third quarter. SouthState Corp now owns 7,983 shares of the specialty retailer's stock worth $3,106,000 after purchasing an additional 222 shares in the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in shares of Ulta Beauty in the 3rd quarter worth $484,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 0.3 %

ULTA stock traded up $1.09 during midday trading on Wednesday, reaching $343.26. The company had a trading volume of 816,673 shares, compared to its average volume of 963,411. The stock has a 50 day moving average price of $378.87 and a 200 day moving average price of $378.32. The firm has a market capitalization of $16.17 billion, a PE ratio of 13.73, a P/E/G ratio of 2.10 and a beta of 1.33. 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 - Get Free Report) last posted 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.02 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $450.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. Loop Capital decreased their price objective on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Barclays lifted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an "equal weight" rating in a report on Friday, August 30th. Finally, Stifel Nicolaus increased their target price on Ulta Beauty from $385.00 to $395.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of "Hold" and a consensus price target of $420.71.

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.