Advisors Asset Management Inc. Has $6.82 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Advisors Asset Management Inc. raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 11.2% during the third quarter, according to its most recent filing with the Securities & 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 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Choreo LLC lifted its position in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 1,198 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Ulta Beauty during the 2nd quarter worth about $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock valued at $1,072,000 after purchasing an additional 139 shares during the period. Jensen Investment Management Inc. increased its position in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer's stock valued at $4,409,000 after buying an additional 1,720 shares in the last quarter. Finally, Distillate Capital Partners LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at about $14,665,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $9.20 during trading on Thursday, reaching $334.06. The company had a trading volume of 301,150 shares, compared to its average volume of 960,483. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm's fifty day moving average is $378.29 and its 200-day moving average is $378.08. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 earnings per share. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ULTA. Loop Capital decreased their price objective on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Bank of America reduced their target price on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, August 30th. Piper Sandler increased their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays increased their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average 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.