Newbridge Financial Services Group Inc. Raises Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Newbridge Financial Services Group Inc. boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,055 shares of the specialty retailer’s stock after purchasing an additional 60 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Ulta Beauty were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ULTA. Steward Partners Investment Advisory LLC increased its stake in shares of Ulta Beauty by 48.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,364 shares of the specialty retailer’s stock worth $668,000 after buying an additional 443 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Ulta Beauty in the fourth quarter worth about $390,000. Jones Financial Companies Lllp increased its holdings in Ulta Beauty by 50.8% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the specialty retailer’s stock valued at $415,000 after buying an additional 285 shares during the last quarter. NEOS Investment Management LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $342,000. Finally, CIBC Asset Management Inc lifted its holdings in Ulta Beauty by 7.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,714 shares of the specialty retailer’s stock worth $3,780,000 after buying an additional 533 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 2.6 %

Shares of Ulta Beauty stock opened at $379.13 on Wednesday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market capitalization of $17.86 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. The stock’s fifty day moving average is $368.15 and its 200-day moving average is $399.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 EPS. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. B. Riley started coverage on Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. DA Davidson decreased their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Telsey Advisory Group dropped their price objective on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Canaccord Genuity Group decreased their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Barclays increased their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $425.29.

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.