Isthmus Partners LLC Boosts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Isthmus Partners LLC increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,983 shares of the specialty retailer’s stock after purchasing an additional 151 shares during the period. Isthmus Partners LLC owned approximately 0.06% of Ulta Beauty worth $11,667,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC boosted its position in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $19,136,000. Whittier Trust Co. of Nevada Inc. boosted its position in Ulta Beauty by 5.3% in 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 buying an additional 139 shares during the period. Jensen Investment Management Inc. raised its holdings in shares of Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at $14,665,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ULTA shares. Piper Sandler raised their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Loop Capital cut their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Citigroup cut their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Finally, Evercore ISI cut their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Up 4.1 %

Shares of NASDAQ:ULTA opened at $375.25 on Friday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.16 and a beta of 1.33. The firm’s 50-day simple moving average is $374.43 and its 200-day simple moving average is $376.67. 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) last released 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 company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 EPS. On average, research analysts forecast 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.