Advisors Asset Management Inc. Purchases 1,768 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisors Asset Management Inc. grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,531 shares of the specialty retailer’s stock after buying an additional 1,768 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ulta Beauty were worth $6,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% during 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. LRI Investments LLC bought a new stake in shares of Ulta Beauty during the first quarter valued at approximately $31,000. Innealta Capital LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $32,000. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $36,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA opened at $343.26 on Thursday. The firm has a 50-day moving average of $378.29 and a 200-day moving average of $378.08. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $16.17 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm 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 business’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $6.02 EPS. Analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several research analyst reports. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research note on Thursday, October 17th. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. Barclays increased their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Raymond James cut their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.