Hedeker Wealth LLC Has $2.71 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Hedeker Wealth LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,972 shares of the specialty retailer’s stock after purchasing an additional 429 shares during the period. Hedeker Wealth LLC’s holdings in Ulta Beauty were worth $2,713,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ULTA. Integrated Advisors Network LLC grew its position in Ulta Beauty by 15.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,330 shares of the specialty retailer’s stock worth $518,000 after acquiring an additional 176 shares during the last quarter. SFE Investment Counsel boosted its stake in Ulta Beauty by 325.1% in the third quarter. SFE Investment Counsel now owns 5,123 shares of the specialty retailer’s stock worth $1,993,000 after purchasing an additional 3,918 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Ulta Beauty by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,011 shares of the specialty retailer’s stock worth $3,117,000 after purchasing an additional 167 shares during the last quarter. Carret Asset Management LLC increased its stake in shares of Ulta Beauty by 49.7% in the third quarter. Carret Asset Management LLC now owns 5,714 shares of the specialty retailer’s stock valued at $2,223,000 after buying an additional 1,896 shares in the last quarter. Finally, Mattern Capital Management LLC raised its holdings in shares of Ulta Beauty by 36.1% in the third quarter. Mattern Capital Management LLC now owns 1,375 shares of the specialty retailer’s stock valued at $535,000 after buying an additional 365 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.3 %

Shares of NASDAQ:ULTA traded down $5.10 during trading on Tuesday, hitting $374.98. 95,640 shares of the company’s stock traded hands, compared to its average volume of 967,813. The company has a 50-day moving average price of $376.32 and a 200-day moving average price of $382.65. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32.

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). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the company earned $6.02 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ULTA. Piper Sandler increased their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Citigroup lowered their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Oppenheimer reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a report on Wednesday, October 16th. Loop Capital lowered their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, Canaccord Genuity Group dropped their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Two investment 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.