Wellington Management Group LLP Has $2.19 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wellington Management Group LLP raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,635 shares of the specialty retailer’s stock after buying an additional 710 shares during the period. Wellington Management Group LLP’s holdings in Ulta Beauty were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new stake in Ulta Beauty in the second quarter valued at $32,000. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $32,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the 3rd quarter worth about $41,000. Finally, American National Bank & Trust acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $44,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ULTA. B. Riley upped their price objective on Ulta Beauty from $300.00 to $330.00 and gave the company a “sell” rating in a research note on Friday, December 6th. Telsey Advisory Group raised their price target on Ulta Beauty from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, December 6th. UBS Group lifted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, DA Davidson lifted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $439.30.

Ulta Beauty Trading Down 1.6 %

Shares of NASDAQ:ULTA opened at $416.60 on Thursday. The firm has a 50 day moving average of $381.79 and a 200-day moving average of $378.84. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a market capitalization of $19.32 billion, a PE ratio of 16.67, a PEG ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $5.07 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts predict that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Ulta Beauty Company Profile

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.