Glenmede Trust Co. NA Grows Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Glenmede Trust Co. NA boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,391 shares of the specialty retailer’s stock after acquiring an additional 77 shares during the period. Glenmede Trust Co. NA owned 0.19% of Ulta Beauty worth $35,173,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $359,480,000. TD Asset Management Inc raised its holdings in Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after acquiring an additional 76,721 shares during the last quarter. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its stake in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 4.1 %

Shares of NASDAQ ULTA opened at $375.25 on Thursday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The business has a fifty day simple moving average of $374.99 and a two-hundred day simple moving average of $376.68. The firm has a market cap of $17.68 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company earned $6.02 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group lowered their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Piper Sandler raised their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company decreased their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their target price 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, Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target 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.