B. Metzler seel. Sohn & Co. Holding AG Makes New $1.34 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, HoldingsChannel reports. The institutional investor purchased 3,442 shares of the specialty retailer’s stock, valued at approximately $1,339,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty during the 2nd quarter worth $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty in the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. bought a new position in Ulta Beauty in the second quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

ULTA opened at $338.38 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market capitalization of $15.94 billion, a PE ratio of 13.58, a P/E/G ratio of 1.97 and a beta of 1.33. The company’s 50-day moving average is $376.80 and its 200 day moving average is $377.41.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $6.02 earnings per share. As a group, analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research reports. Raymond James reduced their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Bank of America decreased their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. DA Davidson cut their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a report on Thursday, October 17th. Finally, BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $420.71.

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.