Ontario Teachers Pension Plan Board Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 923,828 shares of the specialty retailer’s stock, valued at approximately $359,480,000. Ulta Beauty comprises about 3.0% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 15th biggest holding. Ontario Teachers Pension Plan Board owned about 1.96% of Ulta Beauty as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Choreo LLC raised its position in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Ulta Beauty in the 2nd quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its position in Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after acquiring an additional 139 shares during the last quarter. Jensen Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after acquiring an additional 1,720 shares during the period. Finally, Distillate Capital Partners LLC acquired a new position in shares of Ulta Beauty in the second quarter valued at approximately $14,665,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $342.17 on Wednesday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company’s 50 day moving average price is $378.87 and its two-hundred day moving average price is $378.32. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.10 and a beta of 1.33.

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

Analyst Ratings Changes

ULTA has been the subject of several recent research reports. Bank of America reduced their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Robert W. Baird lowered their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. DA Davidson dropped their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen decreased their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $420.71.

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.