5,601 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Rule One Partners LLC

Rule One Partners LLC 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 5,601 shares of the specialty retailer's stock, valued at approximately $2,179,000. Ulta Beauty comprises about 0.9% of Rule One Partners LLC's holdings, making the stock its 8th largest position.

Several other large investors have also made changes to their positions in ULTA. Choreo LLC lifted 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 valued at $1,103,000 after buying an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 valued at $1,072,000 after acquiring an additional 139 shares in the last quarter. Jensen Investment Management Inc. boosted its position in 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 acquired a new stake in Ulta Beauty in the 2nd quarter valued at $14,665,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 1.4 %

ULTA stock traded down $6.18 during trading on Thursday, hitting $423.91. 631,135 shares of the company's stock traded hands, compared to its average volume of 983,926. The stock has a fifty day moving average price of $376.51 and a two-hundred day moving average price of $377.50. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ULTA. Wells Fargo & Company boosted their price objective on Ulta Beauty from $300.00 to $350.00 and gave the stock an "underweight" rating in a research note on Friday, December 6th. Stifel Nicolaus raised their target price on Ulta Beauty from $395.00 to $455.00 and gave the company a "hold" rating in a report on Friday, December 6th. UBS Group upped their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Oppenheimer increased their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, DA Davidson boosted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $439.30.

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.