Diamond Hill Capital Management Inc. Purchases 47,599 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Diamond Hill Capital Management Inc. grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 66.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,089 shares of the specialty retailer's stock after buying an additional 47,599 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.25% of Ulta Beauty worth $46,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. increased its holdings 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 worth $250,000 after acquiring an additional 26 shares during the last quarter. Sage Capital Advisors llc boosted 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 purchasing an additional 27 shares during the period. Farther Finance Advisors LLC boosted its stake in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock valued at $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. boosted its stake in Ulta Beauty by 83.3% in the 2nd 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 during the period. Finally, AdvisorNet Financial Inc boosted its stake in Ulta Beauty by 5.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer's stock valued at $268,000 after purchasing an additional 33 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Saturday, September 28th. Raymond James reduced their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. UBS Group reduced their price target 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. Citigroup reduced their price target on Ulta Beauty from $375.00 to $345.00 and set a "neutral" rating for the company in a research note on Friday, August 30th. Finally, B. Riley started coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a "sell" rating and a $300.00 price target for the company. Two 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $420.71.

Ulta Beauty Trading Up 0.4 %

NASDAQ ULTA traded up $1.40 during trading hours on Monday, hitting $386.66. 391,215 shares of the company's stock were exchanged, compared to its average volume of 961,858. The stock has a 50-day simple moving average of $378.30 and a 200 day simple moving average of $380.01. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.21 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 return on equity of 54.02% and a net margin of 10.68%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $6.02 EPS. On average, sell-side 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.