Financial Enhancement Group LLC Invests $762,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Financial Enhancement Group LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,958 shares of the specialty retailer’s stock, valued at approximately $762,000.

A number of other institutional investors have also added to or reduced their stakes in ULTA. LRI Investments LLC bought a new stake in shares of Ulta Beauty in the 1st quarter worth approximately $31,000. UMB Bank n.a. raised 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 valued at $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC bought a new position in Ulta Beauty in the second quarter worth $32,000. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth $32,000. Finally, Crewe Advisors LLC acquired a new stake in Ulta Beauty during the first quarter worth $44,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 1.2 %

ULTA opened at $387.53 on Thursday. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.21 and a beta of 1.33. The business has a 50 day moving average of $377.14 and a 200-day moving average of $380.63. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued 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 business 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 company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.02 EPS. As a group, analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ULTA. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Ulta Beauty in a research note on Wednesday, October 16th. UBS Group lowered their target price on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $420.71.

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.