Meitav Investment House Ltd. Invests $286,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Meitav Investment House Ltd. purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,000 shares of the specialty retailer’s stock, valued at approximately $286,000.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Ulta Beauty by 3,128.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,374,895 shares of the specialty retailer’s stock worth $39,384,000 after purchasing an additional 2,301,338 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Ulta Beauty by 99,896.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,028,927 shares of the specialty retailer’s stock valued at $954,803,000 after acquiring an additional 2,026,898 shares in the last quarter. Jennison Associates LLC raised its position in shares of Ulta Beauty by 260.1% during the 2nd quarter. Jennison Associates LLC now owns 1,404,684 shares of the specialty retailer’s stock valued at $661,037,000 after acquiring an additional 1,014,560 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Ulta Beauty by 125.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock valued at $717,932,000 after acquiring an additional 852,258 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Ulta Beauty by 69.7% during the 4th quarter. Morgan Stanley now owns 1,133,168 shares of the specialty retailer’s stock valued at $531,535,000 after acquiring an additional 465,616 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $409.27 on Friday. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $556.60. The business has a 50 day moving average price of $392.95 and a two-hundred day moving average price of $433.77.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $6.02 EPS for the quarter, topping the consensus estimate of $5.85 by $0.17. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the business earned $5.70 earnings per share. Ulta Beauty’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts expect that Ulta Beauty, Inc. will post 25.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ULTA. Citigroup upped their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research report on Friday, August 18th. Raymond James lowered their price objective on shares of Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating for the company in a research report on Monday, October 23rd. StockNews.com initiated coverage on shares of Ulta Beauty in a research report on Thursday, October 5th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ulta Beauty from $570.00 to $571.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, DA Davidson reduced their price objective on Ulta Beauty from $540.00 to $495.00 and set a “buy” rating for the company in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.35.

Ulta Beauty Company Profile

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.