Ipswich Investment Management Co. Inc. bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) in the 4th quarter, HoldingsChannel reports. The firm bought 215 shares of the specialty retailer’s stock, valued at approximately $53,000.

Several other institutional investors also recently modified their holdings of ULTA. FMR LLC boosted its holdings in shares of Ulta Beauty by 35.5% in the 3rd quarter. FMR LLC now owns 1,285,561 shares of the specialty retailer’s stock valued at $362,682,000 after buying an additional 336,985 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $79,932,000. Marshall Wace LLP acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $44,356,000. Alliancebernstein L.P. boosted its holdings in shares of Ulta Beauty by 4.3% in the 3rd quarter. Alliancebernstein L.P. now owns 2,686,897 shares of the specialty retailer’s stock valued at $758,027,000 after buying an additional 109,978 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Ulta Beauty by 1,931.3% in the 3rd quarter. Franklin Resources Inc. now owns 95,856 shares of the specialty retailer’s stock valued at $27,042,000 after buying an additional 91,137 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

Several research analysts have recently issued reports on the stock. Telsey Advisory Group upped their target price on shares of Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Piper Jaffray Companies set a $286.00 price target on shares of Ulta Beauty and gave the company an “overweight” rating in a research report on Monday, October 22nd. ValuEngine downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Nomura set a $305.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, November 26th. Finally, Robert W. Baird upped their price target on shares of Ulta Beauty from $295.00 to $320.00 and gave the company an “outperform” rating in a research report on Monday, November 5th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $288.84.

Shares of Ulta Beauty stock opened at $283.90 on Friday. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.40 and a beta of 0.94. Ulta Beauty Inc has a one year low of $191.70 and a one year high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. Ulta Beauty’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc will post 10.82 earnings per share for the current year.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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