Central Asset Investments & Management Holdings HK Ltd Invests $623,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,600 shares of the specialty retailer’s stock, valued at approximately $623,000. Ulta Beauty makes up approximately 0.6% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 21st largest position.

A number of other large investors have also recently added to or reduced their stakes in ULTA. Empowered Funds LLC grew its position in shares of Ulta Beauty by 11.7% in the 1st quarter. Empowered Funds LLC now owns 610 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 64 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Ulta Beauty by 3.4% during the first quarter. Avantax Advisory Services Inc. now owns 1,269 shares of the specialty retailer’s stock worth $664,000 after purchasing an additional 42 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Ulta Beauty by 7.1% in the first quarter. Bleakley Financial Group LLC now owns 711 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 47 shares during the period. Orion Portfolio Solutions LLC increased its stake in Ulta Beauty by 35.0% during the first quarter. Orion Portfolio Solutions LLC now owns 2,100 shares of the specialty retailer’s stock valued at $1,098,000 after purchasing an additional 545 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Ulta Beauty by 11.6% during the first quarter. Nicolet Advisory Services LLC now owns 729 shares of the specialty retailer’s stock worth $381,000 after purchasing an additional 76 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA opened at $365.17 on Friday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $17.21 billion, a PE ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. The company’s 50 day moving average price is $380.06 and its 200 day moving average price is $379.36.

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 the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $6.02 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price objective 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. Stifel Nicolaus upped their target price on Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Evercore ISI lowered their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Bank of America dropped their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Canaccord Genuity Group lowered their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $420.71.

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.