Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 24.9% in the third quarter, HoldingsChannel reports. The firm owned 9,907 shares of the specialty retailer’s stock after purchasing an additional 1,977 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ulta Beauty Trading Down 4.6 %

NASDAQ:ULTA opened at $365.17 on Friday. The business’s fifty day moving average price is $380.11 and its 200 day moving average price is $379.67. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business 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 prior year, the company earned $6.02 EPS. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ULTA. Robert W. Baird cut their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a report on Thursday, October 17th. B. Riley started coverage on Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. DA Davidson dropped their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, TD Cowen decreased their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $420.71.

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.