Entropy Technologies LP Has $4.02 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Entropy Technologies LP increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 10,320 shares of the specialty retailer’s stock after buying an additional 191 shares during the period. Entropy Technologies LP’s holdings in Ulta Beauty were worth $4,016,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. LRI Investments LLC bought a new stake in Ulta Beauty in the 1st quarter valued at $31,000. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $32,000. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth approximately $32,000. Finally, Crewe Advisors LLC acquired a new position in Ulta Beauty in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $380.54 on Tuesday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a 50 day simple moving average of $378.30 and a two-hundred day simple moving average of $380.01. The company has a market cap of $17.93 billion, a P/E ratio of 15.27, a PEG ratio of 2.21 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $6.02 earnings per share. On average, research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. Barclays raised their target price on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Citigroup lowered their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird decreased their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.