Boston Common Asset Management LLC Purchases Shares of 13,254 Ulta Beauty, Inc. (NASDAQ:ULTA)

by · The Cerbat Gem

Boston Common Asset Management LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,254 shares of the specialty retailer’s stock, valued at approximately $5,157,000.

Several other large investors have also modified their holdings of ULTA. New England Research & Management Inc. increased its position in Ulta Beauty by 32.4% during the 3rd quarter. New England Research & Management Inc. now owns 2,330 shares of the specialty retailer’s stock worth $907,000 after purchasing an additional 570 shares in the last quarter. Diversified Trust Co lifted its position in Ulta Beauty by 7.2% during the 3rd quarter. Diversified Trust Co now owns 3,061 shares of the specialty retailer’s stock worth $1,191,000 after acquiring an additional 206 shares in the last quarter. GAMMA Investing LLC increased its holdings in Ulta Beauty by 26.0% during the 3rd quarter. GAMMA Investing LLC now owns 422 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 87 shares during the last quarter. Czech National Bank increased its holdings in Ulta Beauty by 6.4% during the 3rd quarter. Czech National Bank now owns 9,720 shares of the specialty retailer’s stock worth $3,782,000 after purchasing an additional 585 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Ulta Beauty by 3.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,339 shares of the specialty retailer’s stock valued at $11,416,000 after acquiring an additional 944 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 0.2 %

NASDAQ:ULTA opened at $358.96 on Friday. The company’s 50 day moving average price is $368.57 and its 200-day moving average price is $393.71. 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 $16.91 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.05 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company 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 firm posted $6.02 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ULTA. TD Cowen reduced their price target on Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company decreased their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. DA Davidson reduced their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Oppenheimer dropped their target price on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, UBS Group dropped their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $424.08.

View Our Latest Stock Report on ULTA

Ulta Beauty Profile

(Free Report)

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.

Further Reading

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