CWA Asset Management Group LLC Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

CWA Asset Management Group LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,061 shares of the specialty retailer's stock, valued at approximately $1,969,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Ulta Beauty in the 1st quarter valued at about $31,000. UMB Bank n.a. raised its position 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 buying an additional 30 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Ulta Beauty in the second quarter valued at approximately $32,000. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $32,000. Finally, Crewe Advisors LLC acquired a new stake in Ulta Beauty during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ULTA. Raymond James lowered their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a report on Monday, October 14th. B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They issued a "sell" rating and a $300.00 target price for the company. Stifel Nicolaus increased their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th. Finally, Evercore ISI dropped their price objective on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of "Hold" and an average target price of $420.71.

Ulta Beauty Stock Down 2.0 %

Shares of Ulta Beauty stock traded down $8.00 on Friday, hitting $385.26. 681,381 shares of the company's stock traded hands, compared to its average volume of 1,042,324. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market cap of $18.15 billion, a P/E ratio of 15.46, a PEG ratio of 2.21 and a beta of 1.33. The firm's 50-day moving average is $378.30 and its 200 day moving average is $380.22.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $6.02 EPS. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS 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.