Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,907 shares of the specialty retailer’s stock after purchasing an additional 1,977 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $3,855,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Ulta Beauty in the first quarter worth approximately $31,000. UMB Bank n.a. raised its stake in 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 purchasing an additional 30 shares during the period. Innealta Capital LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty in the 3rd quarter worth $32,000. Finally, Crewe Advisors LLC acquired a new position in Ulta Beauty in the first quarter valued at $44,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 4.6 %

Shares of NASDAQ ULTA opened at $365.17 on Friday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. The stock’s 50 day moving average price is $380.11 and its two-hundred day moving average price is $379.67. 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 quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $6.02 earnings per share. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ULTA shares. BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a research note on Thursday, October 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Citigroup lowered their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Two investment 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. According to MarketBeat.com, the company presently 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.