Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 284.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,796 shares of the specialty retailer's stock after purchasing an additional 2,068 shares during the quarter. EP Wealth Advisors LLC's holdings in Ulta Beauty were worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after buying an additional 30 shares during the period. Innealta Capital LLC purchased a new stake in Ulta Beauty during the second quarter worth $32,000. Paladin Wealth LLC purchased a new stake in Ulta Beauty during the third quarter worth $32,000. Oakworth Capital Inc. purchased a new stake in Ulta Beauty during the second quarter worth $36,000. Finally, TruNorth Capital Management LLC purchased a new stake in Ulta Beauty during the second quarter worth $39,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 4.4 %

Shares of NASDAQ:ULTA traded up $18.17 during trading on Wednesday, reaching $430.09. 1,351,305 shares of the company's stock traded hands, compared to its average volume of 985,440. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market cap of $19.94 billion, a PE ratio of 17.22, a P/E/G ratio of 2.42 and a beta of 1.33. The company has a 50-day simple moving average of $375.39 and a 200-day simple moving average of $377.13.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $5.07 EPS. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ULTA. Canaccord Genuity Group increased their price objective on Ulta Beauty from $442.00 to $476.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Ulta Beauty from $300.00 to $350.00 and gave the company an "underweight" rating in a report on Friday, December 6th. William Blair lowered Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Barclays increased their price objective on Ulta Beauty from $335.00 to $410.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $439.30.

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.