Foyston Gordon & Payne Inc Has $3.07 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Foyston Gordon & Payne Inc grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,882 shares of the specialty retailer’s stock after purchasing an additional 123 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Ulta Beauty were worth $3,067,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Choreo LLC grew its position in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $19,136,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 139 shares during the period. Jensen Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after buying an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC acquired a new position in Ulta Beauty in the 2nd quarter worth $14,665,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 2.4 %

Shares of NASDAQ ULTA opened at $418.01 on Tuesday. The company’s fifty day simple moving average is $374.73 and its 200 day simple moving average is $376.92. 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 $19.38 billion, a PE ratio of 16.73, a P/E/G ratio of 2.42 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $5.07 EPS. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on ULTA shares. Loop Capital boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday. Barclays upped their price objective on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday. Oppenheimer increased their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Finally, Evercore ISI cut their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $439.30.

Ulta Beauty 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.