Integrated Investment Consultants LLC Acquires New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Integrated Investment Consultants LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,514 shares of the specialty retailer’s stock, valued at approximately $4,480,000.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty during the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. purchased a new position in Ulta Beauty during the 2nd quarter valued at about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

ULTA stock opened at $343.26 on Thursday. The stock has a market capitalization of $16.17 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33. The company has a fifty day moving average of $378.29 and a 200-day moving average of $378.08. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced 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 firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 EPS. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research reports. Raymond James reduced their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a research report on Wednesday, October 16th. DA Davidson lowered their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Wells Fargo & Company reduced their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Ulta Beauty has an average 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.