Moran Wealth Management LLC Buys 2,209 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Moran Wealth Management LLC raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,406 shares of the specialty retailer’s stock after buying an additional 2,209 shares during the period. Moran Wealth Management LLC’s holdings in Ulta Beauty were worth $5,606,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its stake 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 worth $25,000 after purchasing an additional 30 shares during the period. LRI Investments LLC bought a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Innealta Capital LLC bought a new position in shares of Ulta Beauty in the second quarter worth about $32,000. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the third quarter worth about $32,000. Finally, Oakworth Capital Inc. bought a new position in shares of Ulta Beauty in the second quarter worth about $36,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA opened at $343.26 on Thursday. The company has a market capitalization of $16.17 billion, a P/E ratio of 13.77, a PEG ratio of 1.97 and a beta of 1.33. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The business’s 50 day simple moving average is $378.29 and its 200-day simple moving average is $378.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm earned $6.02 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Telsey Advisory Group reissued an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a research report on Thursday, October 17th. Citigroup decreased their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. DA Davidson decreased their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group decreased their target price 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. Two investment 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. According to MarketBeat, the company 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.