Aristides Capital LLC Acquires New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Aristides Capital LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000 shares of the specialty retailer’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in 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 during the last quarter. Vima LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $27,000. Riverview Trust Co bought a new stake in shares of Ulta Beauty in the 1st quarter valued at about $30,000. 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 acquiring an additional 49 shares during the period. Finally, LRI Investments LLC bought a new position in Ulta Beauty during the 1st quarter worth approximately $31,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. DA Davidson cut their target price 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. TD Cowen downgraded Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price objective on the stock. in a research note on Monday, September 23rd. Raymond James lowered Ulta Beauty from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $500.00 to $450.00 in a report on Friday, August 30th. Bank of America lowered their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group cut their price objective on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $389.12 on Tuesday. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 2.31 and a beta of 1.31. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a 50-day simple moving average of $368.35 and a 200 day simple moving average of $400.45.

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 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 analyst estimates of $2.61 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Ulta Beauty 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.