5,820 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by HBW Advisory Services LLC

HBW Advisory Services LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, HoldingsChannel reports. The firm bought 5,820 shares of the specialty retailer’s stock, valued at approximately $2,265,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Choreo LLC boosted its position in Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 1,198 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Ulta Beauty by 120.2% during the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock valued at $7,079,000 after acquiring an additional 7,887 shares during the last quarter. Duality Advisers LP increased its holdings in shares of Ulta Beauty by 92.8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after buying an additional 3,504 shares during the last quarter. Broad Bay Capital Management LP purchased a new stake in shares of Ulta Beauty during the 4th quarter worth about $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ulta Beauty by 10.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after buying an additional 8,337 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded up $7.26 during trading on Friday, hitting $379.98. 704,326 shares of the stock were exchanged, compared to its average volume of 954,789. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company’s fifty day simple moving average is $368.42 and its 200-day simple moving average is $398.98.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results 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). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $6.02 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Raymond James downgraded shares of Ulta Beauty from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $500.00 to $450.00 in a research report on Friday, August 30th. Wells Fargo & Company reduced their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. Finally, The Goldman Sachs Group dropped their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $425.08.

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.