HBW Advisory Services LLC Makes New $2.27 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

HBW Advisory Services LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,820 shares of the specialty retailer’s stock, valued at approximately $2,265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ULTA. Janiczek Wealth Management LLC raised its holdings in Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after buying an additional 25 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares during the last quarter. Sage Capital Advisors llc increased its holdings in Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares during the period. Wedmont Private Capital raised its holdings in shares of Ulta Beauty by 2.9% during the first quarter. Wedmont Private Capital now owns 993 shares of the specialty retailer’s stock valued at $519,000 after acquiring an additional 28 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Ulta Beauty by 2.8% in the 1st quarter. Greenleaf Trust now owns 1,040 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 28 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA traded up $7.26 during trading hours on Friday, hitting $379.98. 704,326 shares of the company were exchanged, compared to its average volume of 954,789. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company’s 50 day moving average price is $368.42 and its 200-day moving average price is $398.98. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.31 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on ULTA shares. UBS Group cut their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. BMO Capital Markets decreased their price target 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. TD Cowen decreased their target price on shares of Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday. Telsey Advisory Group cut their price target on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Wells Fargo & Company lowered their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Two 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’s stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $425.08.

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.