Beacon Investment Advisory Services Inc. Decreases Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Beacon Investment Advisory Services Inc. decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,114 shares of the specialty retailer’s stock after selling 389 shares during the quarter. Beacon Investment Advisory Services Inc. owned approximately 0.08% of Ulta Beauty worth $14,442,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Ulta Beauty by 83.3% during the 2nd 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 last quarter. Innealta Capital LLC acquired a new stake in Ulta Beauty during the second quarter worth approximately $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $36,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $39,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a research report on Wednesday, November 27th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Robert W. Baird cut their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. DA Davidson reduced their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Wells Fargo & Company lowered their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $422.58.

Ulta Beauty Stock Up 3.0 %

Shares of NASDAQ:ULTA opened at $386.64 on Monday. The company has a market capitalization of $18.22 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.22 and a beta of 1.33. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock’s fifty day simple moving average is $374.12 and its 200-day simple moving average is $376.18.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

About Ulta Beauty

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.