Ulta Beauty, Inc. (NASDAQ:ULTA) Position Increased by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,406 shares of the specialty retailer's stock after purchasing an additional 2,209 shares during the quarter. Moran Wealth Management LLC's holdings in Ulta Beauty were worth $5,606,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its position in shares of Ulta Beauty by 35.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 2,100 shares of the specialty retailer's stock valued at $1,098,000 after purchasing an additional 545 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Ulta Beauty by 5.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,205 shares of the specialty retailer's stock valued at $1,676,000 after buying an additional 159 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Ulta Beauty during the 1st quarter worth about $44,000. EntryPoint Capital LLC purchased a new stake in Ulta Beauty during the 1st quarter worth about $110,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Ulta Beauty during the 1st quarter worth about $281,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ULTA shares. Telsey Advisory Group restated an "outperform" rating and set a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. Oppenheimer reissued an "outperform" rating and issued a $435.00 price target on shares of Ulta Beauty in a research report on Wednesday, October 16th. William Blair lowered Ulta Beauty from an "outperform" rating to a "market perform" rating in a report on Thursday. TD Cowen reduced their target price on Ulta Beauty from $390.00 to $380.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Finally, Bank of America dropped their price target on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $420.71.

Ulta Beauty Trading Down 2.7 %

NASDAQ ULTA traded down $9.41 during mid-day trading on Thursday, reaching $333.85. 431,241 shares of the company's stock traded hands, compared to its average volume of 961,059. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a fifty day simple moving average of $378.29 and a 200-day simple moving average of $378.08. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 13.77, a P/E/G 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 analysts' consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business earned $6.02 EPS. The company's quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

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.