LaFleur & Godfrey LLC Invests $723,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

LaFleur & Godfrey LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,859 shares of the specialty retailer's stock, valued at approximately $723,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Choreo LLC raised its position in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock worth $1,103,000 after acquiring an additional 1,198 shares during the period. Duality Advisers LP boosted its position in Ulta Beauty by 92.8% during the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer's stock worth $3,806,000 after purchasing an additional 3,504 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock worth $46,954,000 after purchasing an additional 8,337 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at approximately $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Ulta Beauty by 5.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock valued at $1,072,000 after buying an additional 139 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.0 %

ULTA traded up $3.72 on Wednesday, hitting $373.21. The company had a trading volume of 3,091,415 shares, compared to its average volume of 969,819. The firm has a market cap of $17.59 billion, a P/E ratio of 14.92, a PEG ratio of 2.12 and a beta of 1.32. The company's fifty day moving average price is $371.05 and its 200 day moving average price is $388.66. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company posted $6.02 earnings per share. The business's revenue was up .9% compared to the same quarter last year. On average, analysts predict that Ulta Beauty, Inc. will post 23.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on ULTA. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Raymond James dropped their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a research report on Monday. DA Davidson reduced their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a "buy" rating for the company in a research report on Friday, August 30th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Finally, Robert W. Baird reduced their target price on Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $423.67.

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.