Power Corp of Canada Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Power Corp of Canada bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 495 shares of the specialty retailer’s stock, valued at approximately $199,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,798,924 shares of the specialty retailer’s stock worth $2,326,471,000 after acquiring an additional 46,100 shares in the last quarter. Utah Retirement Systems increased its position in shares of Ulta Beauty by 0.6% during the third quarter. Utah Retirement Systems now owns 9,211 shares of the specialty retailer’s stock worth $3,696,000 after acquiring an additional 54 shares in the last quarter. Tobam bought a new stake in shares of Ulta Beauty during the third quarter worth about $59,000. Quadrant Capital Group LLC increased its position in shares of Ulta Beauty by 99.1% during the second quarter. Quadrant Capital Group LLC now owns 215 shares of the specialty retailer’s stock worth $83,000 after acquiring an additional 107 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Ulta Beauty by 10.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 363 shares of the specialty retailer’s stock worth $146,000 after acquiring an additional 35 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Ulta Beauty from $510.00 to $535.00 and gave the stock an “equal weight” rating in a research report on Monday. Robert W. Baird upped their price objective on shares of Ulta Beauty from $550.00 to $580.00 in a research report on Friday, March 10th. Wells Fargo & Company downgraded shares of Ulta Beauty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $450.00 to $400.00 in a research report on Friday, January 6th. The Goldman Sachs Group downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $511.00 to $508.00 in a research report on Monday, December 12th. Finally, StockNews.com raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average target price of $555.09.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $524.18 on Thursday. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $537.52. The stock has a market capitalization of $26.67 billion, a PE ratio of 21.82, a P/E/G ratio of 1.50 and a beta of 1.30. The company’s 50 day simple moving average is $512.81 and its two-hundred day simple moving average is $458.77.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.15. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company posted $5.41 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 25.24 EPS for the current year.

Ulta Beauty Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.