CWA Asset Management Group LLC Purchases New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

CWA Asset Management Group LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,061 shares of the specialty retailer’s stock, valued at approximately $1,969,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Advisory Services Inc. lifted its position in Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after buying an additional 26 shares in the last quarter. Sage Capital Advisors llc lifted its position in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Ulta Beauty by 83.3% in 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. Finally, AdvisorNet Financial Inc raised its position in Ulta Beauty by 5.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the subject of several research reports. TD Cowen lowered their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a research report on Thursday, October 17th. Evercore ISI cut their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, DA Davidson cut their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Trading Down 2.0 %

ULTA stock opened at $385.26 on Friday. The stock has a 50-day moving average price of $378.30 and a two-hundred day moving average price of $380.49. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a market cap of $18.15 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.23 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 analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business posted $6.02 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

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.