Metis Global Partners LLC Purchases 176 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Metis Global Partners LLC boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,104 shares of the specialty retailer’s stock after acquiring an additional 176 shares during the quarter. Metis Global Partners LLC’s holdings in Ulta Beauty were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Choreo LLC increased its position in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Ulta Beauty during the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. raised its position in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after purchasing an additional 139 shares during the last quarter. Jensen Investment Management Inc. lifted its holdings in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $14,665,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 4.6 %

NASDAQ:ULTA opened at $365.17 on Friday. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. The company’s 50 day moving average price is $380.06 and its 200-day moving average price is $379.36. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a research report on Thursday, October 17th. Bank of America reduced their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. UBS Group lowered their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird reduced their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.