Firetrail Investments PTY Ltd. Acquires 131 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Firetrail Investments PTY Ltd. boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,094 shares of the specialty retailer’s stock after buying an additional 131 shares during the quarter. Ulta Beauty makes up approximately 2.1% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 26th largest position. Firetrail Investments PTY Ltd.’s holdings in Ulta Beauty were worth $7,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its stake in shares of Ulta Beauty by 24.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,907 shares of the specialty retailer’s stock worth $3,855,000 after buying an additional 1,977 shares during the last quarter. GHE LLC bought a new position in Ulta Beauty in the 3rd quarter valued at about $1,345,000. Simmons Bank bought a new position in Ulta Beauty in the 3rd quarter valued at about $1,747,000. Chase Investment Counsel Corp boosted its holdings in shares of Ulta Beauty by 100.0% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock worth $1,556,000 after acquiring an additional 2,000 shares during the period. Finally, Winslow Asset Management Inc. increased its stake in shares of Ulta Beauty by 0.9% during the third quarter. Winslow Asset Management Inc. now owns 17,118 shares of the specialty retailer’s stock worth $6,661,000 after purchasing an additional 151 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $382.74 on Thursday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a market capitalization of $18.03 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33. The company has a fifty day moving average of $379.28 and a 200-day moving average of $379.63.

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 firm 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%. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.02 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ULTA shares. The Goldman Sachs Group reduced their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Raymond James decreased their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. UBS Group lowered their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Bank of America lowered their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Two equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $420.71.

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.