Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2,683.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 334 shares of the specialty retailer’s stock after buying an additional 322 shares during the quarter. Rakuten Securities Inc.’s holdings in Ulta Beauty were worth $130,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Meeder Advisory Services Inc. boosted its stake in shares of Ulta Beauty by 5.8% during the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after buying an additional 26 shares during the period. Sage Capital Advisors llc boosted its stake in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after buying an additional 27 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after buying an additional 28 shares during the period. UMB Bank n.a. boosted its stake in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of 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 buying an additional 33 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $380.54 on Tuesday. The firm has a 50 day simple moving average of $378.86 and a 200-day simple moving average of $379.82. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ULTA. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. UBS Group reduced their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, DA Davidson reduced their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.