Central Asset Investments & Management Holdings HK Ltd Makes New $623,000 Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,600 shares of the specialty retailer’s stock, valued at approximately $623,000. Ulta Beauty accounts for about 0.6% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its holdings in 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 worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Hsbc Holdings PLC lifted its position in shares of Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares during the last quarter. Boston Partners boosted its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the period. Swedbank AB grew its holdings in Ulta Beauty by 107.0% in the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after buying an additional 124,164 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ULTA shares. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. Citigroup lowered their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Raymond James lowered their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus increased their target price on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, B. Riley assumed coverage on Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Down 4.6 %

NASDAQ ULTA opened at $365.17 on Friday. The firm’s 50 day moving average is $380.06 and its 200-day moving average is $379.36. The company has a market capitalization of $17.21 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.33. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.02 earnings per share. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Ulta Beauty 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.