Ghe LLC Takes $1.35 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ghe LLC purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,456 shares of the specialty retailer’s stock, valued at approximately $1,345,000.

Several other large investors also recently added to or reduced their stakes in ULTA. Choreo LLC increased its position in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ulta Beauty by 10.2% during 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 acquiring an additional 8,337 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after acquiring an additional 139 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Ulta Beauty by 24.8% during the 1st quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer’s stock worth $28,301,000 after purchasing an additional 10,756 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 0.5 %

Shares of Ulta Beauty stock traded up $1.88 during trading on Wednesday, reaching $381.67. The company’s stock had a trading volume of 35,591 shares, compared to its average volume of 958,967. The company has a 50-day simple moving average of $379.28 and a two-hundred day simple moving average of $379.63. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market cap of $17.98 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.19 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $6.02 EPS. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ULTA. Oppenheimer reissued an “outperform” rating and issued a $435.00 price objective on shares of Ulta Beauty in a research report on Wednesday, October 16th. UBS Group decreased their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company cut their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. Raymond James lowered their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, Barclays raised their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus 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.