World Investment Advisors LLC Buys New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

World Investment Advisors LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 545 shares of the specialty retailer’s stock, valued at approximately $212,000.

Several other institutional investors have also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC increased its stake 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 acquiring an additional 1,237,884 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock worth $461,059,000 after purchasing an additional 10,153 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty in the third quarter valued at $359,480,000. TD Asset Management Inc raised its holdings in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after purchasing an additional 76,721 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in shares of Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after purchasing an additional 31,540 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 2.1 %

ULTA opened at $425.52 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company’s 50-day moving average price is $383.13 and its two-hundred day moving average price is $379.16. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $5.07 earnings per share. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research analyst reports. Raymond James decreased their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. TD Cowen decreased their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. B. Riley increased their target price on Ulta Beauty from $300.00 to $330.00 and gave the stock a “sell” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Bank of America dropped their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $439.30.

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.