Freedom Investment Management Inc. Has $292,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Freedom Investment Management Inc. trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750 shares of the specialty retailer’s stock after selling 177 shares during the quarter. Freedom Investment Management Inc.’s holdings in Ulta Beauty were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC grew its holdings in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth $359,480,000. Hsbc Holdings PLC grew its holdings in shares of Ulta Beauty by 87.3% during the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares in the last quarter. Swedbank AB grew its holdings in shares of Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock worth $92,683,000 after purchasing an additional 124,164 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Oppenheimer reissued an “outperform” rating and set a $435.00 target price on shares of Ulta Beauty in a report on Wednesday, October 16th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. DA Davidson reduced their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $450.00 price objective on shares of Ulta Beauty in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $422.58.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $386.64 on Monday. The company has a market cap of $18.22 billion, a P/E ratio of 15.52, a PEG ratio of 2.22 and a beta of 1.33. The stock has a 50 day simple moving average of $374.12 and a two-hundred day simple moving average of $376.18. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 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 the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

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.