Assenagon Asset Management S.A. Has $13.70 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Assenagon Asset Management S.A. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 59.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,218 shares of the specialty retailer’s stock after selling 51,831 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Ulta Beauty worth $13,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its holdings 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 worth $481,952,000 after buying an additional 1,237,884 shares during the period. TD Asset Management Inc increased its position in shares of Ulta Beauty by 14.1% in 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 in the last quarter. Alecta Tjanstepension Omsesidigt raised its holdings 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. Boston Partners boosted its stake in Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after purchasing an additional 24,822 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reduced their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. B. Riley began coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Finally, TD Cowen lowered their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Up 1.7 %

NASDAQ:ULTA opened at $373.30 on Friday. The company’s 50 day moving average is $376.26 and its 200-day moving average is $384.10. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 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 the consensus estimate of $2.61 billion. During the same quarter last year, the business earned $6.02 EPS. The business’s revenue was up .9% compared to the same quarter last year. Research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

About Ulta Beauty

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.