Quantinno Capital Management LP Boosts Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Quantinno Capital Management LP boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 100.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,353 shares of the specialty retailer's stock after buying an additional 5,197 shares during the quarter. Quantinno Capital Management LP's holdings in Ulta Beauty were worth $4,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Czech National Bank lifted its stake in Ulta Beauty by 6.9% during the second quarter. Czech National Bank now owns 9,135 shares of the specialty retailer's stock worth $3,525,000 after purchasing an additional 591 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Ulta Beauty by 35.9% in the 2nd quarter. RFG Advisory LLC now owns 537 shares of the specialty retailer's stock valued at $207,000 after buying an additional 142 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Ulta Beauty by 28.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer's stock valued at $319,000 after buying an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Ulta Beauty by 5.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,287 shares of the specialty retailer's stock worth $1,268,000 after acquiring an additional 182 shares in the last quarter. Finally, Cooper Financial Group lifted its position in Ulta Beauty by 66.3% in the second quarter. Cooper Financial Group now owns 690 shares of the specialty retailer's stock valued at $266,000 after acquiring an additional 275 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 2.4 %

Shares of ULTA traded down $10.16 during trading hours on Monday, reaching $418.01. 1,164,118 shares of the company traded hands, compared to its average volume of 984,236. The stock has a market capitalization of $19.38 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33. The stock has a fifty day simple moving average of $374.15 and a 200 day simple moving average of $376.63. 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 released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company earned $5.07 EPS. Ulta Beauty's revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ULTA shares. Barclays lifted their target price on Ulta Beauty from $335.00 to $410.00 and gave the stock an "equal weight" rating in a research report on Friday. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Saturday, September 28th. UBS Group increased their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a report on Friday. William Blair cut shares of Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Finally, Citigroup increased their price target on shares of Ulta Beauty from $390.00 to $450.00 and gave the stock a "neutral" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.