Financial Partners Group LLC Invests $252,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Financial Partners Group LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 648 shares of the specialty retailer’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. LRI Investments LLC bought a new position in Ulta Beauty in the first quarter valued at approximately $31,000. UMB Bank n.a. raised its position in Ulta Beauty by 83.3% during the second 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 in the last quarter. Innealta Capital LLC bought a new stake in Ulta Beauty during the second quarter worth $32,000. Finally, Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $367.18 on Friday. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.10 and a beta of 1.32. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50 day moving average price of $376.31 and a two-hundred day moving average price of $384.77.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 EPS. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Piper Sandler raised their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, B. Riley started coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Company 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.