International Assets Investment Management LLC Has $481.95 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

International Assets Investment Management LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 180,713.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,238,569 shares of the specialty retailer’s stock after buying an additional 1,237,884 shares during the period. International Assets Investment Management LLC’s holdings in Ulta Beauty were worth $481,952,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ULTA. Sound Income Strategies LLC raised its stake in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. LRI Investments LLC bought a new position in Ulta Beauty during the 1st quarter worth $31,000. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the period. Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $32,000. Finally, Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter worth about $32,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ULTA shares. Evercore ISI decreased their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Bank of America decreased their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Canaccord Genuity Group dropped their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays increased their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Up 0.0 %

Ulta Beauty stock opened at $367.18 on Friday. The firm has a 50 day moving average price of $376.31 and a 200-day moving average price of $384.77. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market capitalization of $17.30 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.10 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released 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 return on equity of 54.02% and a net margin of 10.68%. 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 prior year, the business earned $6.02 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal 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.