5,601 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Rule One Partners LLC

Rule One Partners LLC purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,601 shares of the specialty retailer’s stock, valued at approximately $2,179,000. Ulta Beauty accounts for approximately 0.9% of Rule One Partners LLC’s holdings, making the stock its 8th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Choreo LLC lifted its stake in Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after buying an additional 139 shares during the period. Jensen Investment Management Inc. raised its stake in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares in the last quarter. Finally, Distillate Capital Partners LLC purchased a new stake in Ulta Beauty in the second quarter worth about $14,665,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ULTA. Canaccord Genuity Group upped their target price on Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Telsey Advisory Group boosted their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Loop Capital increased their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Evercore ISI dropped their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $430.09 on Thursday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market cap of $19.94 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.42 and a beta of 1.33. The business’s 50 day moving average price is $375.39 and its 200-day moving average price is $377.13.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $5.07 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

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.