Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.1% during the third quarter, HoldingsChannel.com reports. The firm owned 90,391 shares of the specialty retailer’s stock after buying an additional 77 shares during the period. Glenmede Trust Co. NA’s holdings in Ulta Beauty were worth $35,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% during 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 buying an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Ulta Beauty during the third quarter worth about $359,480,000. TD Asset Management Inc grew its stake 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 worth $239,545,000 after acquiring an additional 76,721 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of Ulta Beauty by 5.4% in the 3rd 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 last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its stake in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $375.25 on Thursday. The firm has a 50-day simple moving average of $374.99 and a two-hundred day simple moving average of $376.68. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a market cap of $17.68 billion, a PE ratio of 15.06, a P/E/G ratio of 2.08 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the firm earned $6.02 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. B. Riley initiated coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group cut their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Piper Sandler raised their target price on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group cut their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average 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.