Jensen Investment Management Inc. Purchases 1,720 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

by · The Cerbat Gem

Jensen Investment Management Inc. boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,330 shares of the specialty retailer’s stock after acquiring an additional 1,720 shares during the quarter. Jensen Investment Management Inc.’s holdings in Ulta Beauty were worth $4,409,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC lifted its holdings in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 1,198 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after purchasing an additional 8,337 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ulta Beauty during the second quarter worth $19,136,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 139 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Ulta Beauty by 24.8% during the first quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer’s stock worth $28,301,000 after buying an additional 10,756 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.0 %

Shares of ULTA stock traded down $8.00 during trading on Friday, reaching $385.26. 681,381 shares of the company’s stock traded hands, compared to its average volume of 1,042,324. The company has a market capitalization of $18.15 billion, a P/E ratio of 15.46, a PEG ratio of 2.21 and a beta of 1.33. The firm’s 50-day moving average is $378.30 and its 200 day moving average is $380.22. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 earnings per share. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULTA shares. B. Riley started coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 target price for the company. Robert W. Baird decreased their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $420.71.

Read Our Latest Stock Report on ULTA

Ulta Beauty Profile

(Free Report)

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.

See Also

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