Scott & Selber Inc. Purchases 1,900 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Scott & Selber Inc. lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 42.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,427 shares of the specialty retailer's stock after acquiring an additional 1,900 shares during the period. Scott & Selber Inc.'s holdings in Ulta Beauty were worth $2,501,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake 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 acquiring an additional 30 shares during the period. LRI Investments LLC acquired a new position in shares of Ulta Beauty during the first quarter valued at $31,000. Innealta Capital LLC acquired a new position in shares of Ulta Beauty during the second quarter valued at $32,000. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter worth about $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Down 2.0 %

Shares of Ulta Beauty stock traded down $8.00 during trading on Friday, reaching $385.26. 681,381 shares of the company were exchanged, compared to its average volume of 964,483. The business has a 50-day moving average price of $378.30 and a 200-day moving average price of $380.49. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.23 and a beta of 1.33. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 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 previous year, the business earned $6.02 EPS. The firm's revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ULTA. Bank of America decreased their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, August 30th. Robert W. Baird decreased their price target on Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a research note on Friday, August 23rd. DA Davidson dropped their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Loop Capital reduced their price objective on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating for the company in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $420.71.

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.