Quadrature Capital Ltd Buys Shares of 1,885 Ulta Beauty, Inc. (NASDAQ:ULTA)

Quadrature Capital Ltd purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,885 shares of the specialty retailer’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quantinno Capital Management LP boosted its position in Ulta Beauty by 100.8% in the 3rd quarter. Quantinno Capital Management LP now owns 10,353 shares of the specialty retailer’s stock valued at $4,029,000 after buying an additional 5,197 shares during the period. Quarry LP increased its position in shares of Ulta Beauty by 451.9% during the third quarter. Quarry LP now owns 149 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 122 shares during the period. Royal London Asset Management Ltd. raised its stake in shares of Ulta Beauty by 0.8% in the third quarter. Royal London Asset Management Ltd. now owns 31,587 shares of the specialty retailer’s stock valued at $12,291,000 after acquiring an additional 253 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in Ulta Beauty by 45.7% in the third quarter. Investment Management Corp of Ontario now owns 1,594 shares of the specialty retailer’s stock valued at $620,000 after purchasing an additional 500 shares during the period. Finally, Holocene Advisors LP grew its stake in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of analyst reports. Telsey Advisory Group increased their price target on Ulta Beauty from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson raised their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Citigroup raised their price target on Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $438.00.

Ulta Beauty Stock Up 9.0 %

NASDAQ ULTA opened at $428.17 on Friday. The stock has a market cap of $20.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The business has a fifty day moving average of $374.15 and a 200-day moving average of $376.64.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 earnings per share. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current 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.