Weiss Asset Management LP Takes $863,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Weiss Asset Management LP purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,218 shares of the specialty retailer's stock, valued at approximately $863,000.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. International Assets Investment Management LLC boosted its holdings in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after buying an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP boosted its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $73,069,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer's stock valued at $130,380,000 after buying an additional 157,497 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.4 %

Shares of NASDAQ ULTA traded down $10.16 during midday trading on Monday, reaching $418.01. The company's stock had a trading volume of 1,181,920 shares, compared to its average volume of 984,311. The company has a 50 day moving average price of $374.73 and a 200 day moving average price of $376.92. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33.

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 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $5.07 EPS. The business's revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that Ulta Beauty, Inc. will post 23.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

ULTA has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday. Citigroup boosted their target price on shares of Ulta Beauty from $390.00 to $450.00 and gave the company a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research note on Friday. Loop Capital boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research note on Monday. Finally, Evercore ISI reduced their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and an average target price of $439.30.

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.