Edgestream Partners L.P. Has $1.70 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Edgestream Partners L.P. grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 63.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,380 shares of the specialty retailer’s stock after purchasing an additional 1,696 shares during the quarter. Edgestream Partners L.P.’s holdings in Ulta Beauty were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in 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 during the period. Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter valued at $32,000. Oakworth Capital Inc. bought a new position in Ulta Beauty during the second quarter worth $36,000. Finally, TruNorth Capital Management LLC acquired a new stake in Ulta Beauty in the second quarter worth $39,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA opened at $395.30 on Wednesday. The firm has a market cap of $18.63 billion, a P/E ratio of 15.86, a PEG ratio of 2.26 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a 50-day moving average of $373.98 and a 200 day moving average of $376.10.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ULTA. Barclays raised their target price on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. The Goldman Sachs Group decreased their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. TD Cowen decreased their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Citigroup raised their price objective on shares of Ulta Beauty from $345.00 to $390.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $421.71.

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.