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

Wellington Management Group LLP raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in 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 valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty in the third quarter valued at $359,480,000. TD Asset Management Inc increased its stake in shares of Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after buying an additional 76,721 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after buying an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its position in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after buying an additional 65,000 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ULTA. Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $395.00 to $455.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Citigroup upped their price objective on Ulta Beauty from $390.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. DA Davidson upped their price target on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their price target on Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $439.30.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $416.60 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company’s 50 day moving average price is $381.79 and its two-hundred day moving average price is $378.84. The company has a market capitalization of $19.32 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted $5.07 earnings per share. Analysts forecast that Ulta Beauty, Inc. will post 23.57 earnings per share for the current 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.