Meitav Investment House Ltd. Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Meitav Investment House Ltd. acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,000 shares of the specialty retailer’s stock, valued at approximately $12,841,000. Meitav Investment House Ltd. owned about 0.07% of Ulta Beauty at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty during the 1st quarter worth $31,000. Innealta Capital LLC bought a new position in Ulta Beauty during the second quarter worth about $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty in the third quarter valued at about $32,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ulta Beauty in the second quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $373.08 on Thursday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 2.14 and a beta of 1.32. The firm’s 50-day moving average is $376.44 and its 200-day moving average is $382.17.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Piper Sandler lifted their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird dropped their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Barclays increased their target price on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $420.71.

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.