CWA Asset Management Group LLC Purchases Shares of 5,061 Ulta Beauty, Inc. (NASDAQ:ULTA)

CWA Asset Management Group LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 5,061 shares of the specialty retailer’s stock, valued at approximately $1,969,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its position in Ulta Beauty by 11.7% during the first quarter. Empowered Funds LLC now owns 610 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 64 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Ulta Beauty in the 1st quarter valued at about $2,225,000. Sei Investments Co. lifted its stake in Ulta Beauty by 24.8% in the 1st quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer’s stock valued at $28,301,000 after purchasing an additional 10,756 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in Ulta Beauty by 5.8% during 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 period. Finally, Qsemble Capital Management LP acquired a new position in Ulta Beauty during the first quarter worth approximately $1,344,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $385.26 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.23 and a beta of 1.33. The business’s fifty day moving average is $378.30 and its 200-day moving average is $380.49.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.02 EPS. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ULTA. TD Cowen reduced their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Robert W. Baird decreased their price objective 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. 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 research report on Wednesday, October 9th. Raymond James reduced their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, B. Riley assumed coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $420.71.

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.