Anchor Investment Management LLC Has $76,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Anchor Investment Management LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 191.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198 shares of the specialty retailer’s stock after acquiring an additional 130 shares during the period. Anchor Investment Management LLC’s holdings in Ulta Beauty were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vima LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at approximately $27,000. Riverview Trust Co bought a new stake in shares of Ulta Beauty during the first quarter worth $30,000. Sound Income Strategies LLC raised its holdings in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the period. LRI Investments LLC bought a new position in Ulta Beauty during the 1st quarter worth about $31,000. Finally, UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company cut their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group cut their price target on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. TD Cowen dropped their target price on Ulta Beauty from $395.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Barclays boosted 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 analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $425.08.

Ulta Beauty Stock Up 2.4 %

Shares of ULTA stock opened at $381.80 on Friday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market capitalization of $17.99 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The firm has a 50 day moving average price of $368.67 and a two-hundred day moving average price of $397.94.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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 for 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 business posted $6.02 earnings per share. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.21 EPS 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.