19,248 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Bensler LLC

Bensler LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,248 shares of the specialty retailer's stock, valued at approximately $7,490,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Meeder Advisory Services Inc. grew its position in shares of Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer's stock valued at $250,000 after acquiring an additional 26 shares during the period. Sage Capital Advisors llc grew its stake in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer's stock valued at $203,000 after buying an additional 27 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock worth $244,000 after acquiring an additional 28 shares during the period. UMB Bank n.a. lifted its holdings in 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 in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer's stock worth $268,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Loop Capital dropped their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Robert W. Baird lowered their price target on Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating on the stock in a research report on Friday, August 23rd. Finally, Canaccord Genuity Group cut their price objective on Ulta Beauty from $522.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, August 27th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $420.71.

Ulta Beauty Stock Performance

ULTA stock traded down $5.99 on Friday, reaching $387.27. The company's stock had a trading volume of 428,604 shares, compared to its average volume of 963,237. The firm has a market cap of $18.25 billion, a PE ratio of 15.69, a PEG ratio of 2.23 and a beta of 1.33. The business has a fifty day simple moving average of $377.14 and a two-hundred day simple 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 - Get Free Report) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts' consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm posted $6.02 EPS. The company's revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

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.