Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% in the third quarter, HoldingsChannel reports. The fund owned 3,358 shares of the specialty retailer’s stock after buying an additional 66 shares during the period. Kingsview Wealth Management LLC’s holdings in Ulta Beauty were worth $1,307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty during the 3rd quarter worth about $359,480,000. TD Asset Management Inc lifted its stake in shares of Ulta Beauty by 14.1% in the 2nd 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 period. Champlain Investment Partners LLC boosted its holdings in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its stake in shares of Ulta Beauty by 14.4% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after acquiring an additional 65,000 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $360.47 on Wednesday. The company has a market capitalization of $16.98 billion, a PE ratio of 14.47, a PEG ratio of 1.94 and a beta of 1.33. The company’s 50 day moving average price is $375.54 and its 200 day moving average price is $376.69. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ULTA shares. B. Riley began 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 decreased their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Company 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.