Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Boosted by Dakota Wealth Management

Dakota Wealth Management grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 796.7% during the 3rd quarter, Holdings Channel reports. The firm owned 34,299 shares of the specialty retailer’s stock after purchasing an additional 30,474 shares during the period. Dakota Wealth Management’s holdings in Ulta Beauty were worth $13,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Hsbc Holdings PLC grew its stake in shares of Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares during the last quarter. Boston Partners grew its stake in shares of 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 last quarter. TD Asset Management Inc raised its holdings in shares of Ulta Beauty by 33.6% in the 1st quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after purchasing an additional 136,725 shares in the last quarter. Finally, Swedbank AB lifted its stake in Ulta Beauty by 107.0% during the second quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after purchasing an additional 124,164 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $367.18 on Friday. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 2.10 and a beta of 1.32. The stock has a 50-day simple moving average of $376.31 and a 200-day simple moving average of $384.77. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted 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). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate 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 was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $6.02 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. TD Cowen cut their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Canaccord Genuity Group decreased their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. UBS Group dropped their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Barclays upped their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.