Regal Investment Advisors LLC Purchases 4,316 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Regal Investment Advisors LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 197.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the specialty retailer’s stock after buying an additional 4,316 shares during the period. Regal Investment Advisors LLC’s holdings in Ulta Beauty were worth $2,508,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ULTA. UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% in the 2nd 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 during the period. Vima LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co bought a new stake in Ulta Beauty in the 1st quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings in 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 purchasing an additional 49 shares during the period. Finally, LRI Investments LLC bought a new stake in Ulta Beauty in the 1st quarter valued at $31,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ULTA shares. Robert W. Baird reduced their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Citigroup dropped their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. TD Cowen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price objective for the company. in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $425.29.

Ulta Beauty Trading Down 3.7 %

ULTA opened at $389.12 on Tuesday. The stock has a market capitalization of $18.34 billion, a PE ratio of 15.18, a PEG ratio of 2.31 and a beta of 1.31. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a 50-day moving average price of $368.35 and a two-hundred day moving average price of $400.45.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $6.02 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.21 EPS for the current 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.