International Assets Investment Management LLC Has $361,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

International Assets Investment Management LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 683 shares of the specialty retailer’s stock after buying an additional 88 shares during the period. International Assets Investment Management LLC’s holdings in Ulta Beauty were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $25,000. Vima LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $28,000. Webster Bank N. A. bought a new stake in shares of Ulta Beauty during the 4th quarter worth about $33,000. Finally, Manchester Capital Management LLC grew its stake in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 21 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ULTA shares. Piper Sandler reduced their price objective on Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Barclays lowered Ulta Beauty from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $612.00 to $434.00 in a report on Monday, April 29th. Wells Fargo & Company dropped their target price on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating for the company in a report on Wednesday, April 24th. Bank of America decreased their price target on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $507.30.

Ulta Beauty Stock Up 1.5 %

NASDAQ ULTA opened at $389.72 on Tuesday. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.36. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $574.76. The business’s fifty day moving average is $395.21 and its 200 day moving average is $465.54.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the firm posted $6.88 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Ulta Beauty declared that its board has initiated a share buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.