Aaron Wealth Advisors LLC Buys New Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Aaron Wealth Advisors LLC purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, Holdings Channel reports. The firm purchased 552 shares of the specialty retailer’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Wellington Management Group LLP raised its stake in shares of Ulta Beauty by 3.4% in the fourth quarter. Wellington Management Group LLP now owns 10,130 shares of the specialty retailer’s stock worth $4,964,000 after acquiring an additional 334 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ulta Beauty by 30.1% in the first quarter. GAMMA Investing LLC now owns 242 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 56 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Ulta Beauty in the first quarter valued at $45,000. RFG Advisory LLC acquired a new position in shares of Ulta Beauty in the first quarter valued at about $206,000. Finally, International Assets Investment Management LLC grew its stake in shares of Ulta Beauty by 14.8% in the first quarter. International Assets Investment Management LLC now owns 683 shares of the specialty retailer’s stock valued at $361,000 after acquiring an additional 88 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Evercore ISI reduced their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. DA Davidson reduced their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays lifted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and an average target price of $423.71.

Ulta Beauty Trading Down 0.8 %

Shares of ULTA opened at $368.92 on Monday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock’s 50 day moving average is $373.91 and its two-hundred day moving average is $386.02. The firm has a market cap of $17.38 billion, a P/E ratio of 14.80, a PEG ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.06 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.