Rule One Partners LLC Invests $2.18 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rule One Partners LLC purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,601 shares of the specialty retailer’s stock, valued at approximately $2,179,000. Ulta Beauty comprises 0.9% of Rule One Partners LLC’s portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RFG Advisory LLC raised its holdings in shares of Ulta Beauty by 35.9% in the 2nd quarter. RFG Advisory LLC now owns 537 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 142 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Ulta Beauty by 28.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 183 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Ulta Beauty by 3.7% during the second quarter. Great Valley Advisor Group Inc. now owns 1,390 shares of the specialty retailer’s stock valued at $537,000 after purchasing an additional 49 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in shares of Ulta Beauty in the second quarter worth about $42,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $430.09 on Thursday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a 50 day simple moving average of $375.39 and a two-hundred day simple moving average of $377.13. The firm has a market cap of $19.94 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.42 and a beta of 1.33.

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 analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 EPS. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ULTA. Bank of America cut their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. DA Davidson boosted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. TD Cowen decreased their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average price target 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.