Landscape Capital Management L.L.C. Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Landscape Capital Management L.L.C. acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, HoldingsChannel reports. The firm acquired 13,446 shares of the specialty retailer’s stock, valued at approximately $5,232,000.

A number of other institutional investors have also added to or reduced their stakes in ULTA. International Assets Investment Management LLC lifted its stake in shares of Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after buying an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Ulta Beauty in the 3rd quarter valued at $359,480,000. Hsbc Holdings PLC lifted its holdings in shares of Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after buying an additional 157,497 shares in the last quarter. Boston Partners boosted its position in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares during the period. Finally, Swedbank AB increased its position in Ulta Beauty by 107.0% during the second quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock worth $92,683,000 after acquiring an additional 124,164 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Evercore ISI decreased their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. 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 report on Friday, August 23rd. B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. Finally, Piper Sandler lifted their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Price Performance

Shares of ULTA opened at $343.26 on Thursday. The firm has a market cap of $16.17 billion, a PE ratio of 13.77, a PEG ratio of 1.97 and a beta of 1.33. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock’s fifty day moving average price is $378.29 and its two-hundred day moving average price is $378.08.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 EPS. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Ulta Beauty 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.