Chase Investment Counsel Corp Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Chase Investment Counsel Corp lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the specialty retailer's stock after purchasing an additional 2,000 shares during the period. Chase Investment Counsel Corp's holdings in Ulta Beauty were worth $1,556,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Meeder Advisory Services Inc. boosted its position in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer's stock valued at $250,000 after acquiring an additional 26 shares during the period. Sage Capital Advisors llc grew its stake in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer's stock valued at $203,000 after buying an additional 27 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock valued at $244,000 after buying an additional 28 shares during the last quarter. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% in the 2nd 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. Finally, AdvisorNet Financial Inc increased its position in shares of Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer's stock valued at $268,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded up $5.29 on Wednesday, hitting $385.08. 372,663 shares of the company traded hands, compared to its average volume of 960,499. The business has a 50-day simple moving average of $379.28 and a 200 day simple moving average of $379.63. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market capitalization of $18.14 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $6.02 earnings per share. Research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James lowered their price objective 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. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. The Goldman Sachs Group lowered their price objective on Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, August 30th. Finally, Loop Capital lowered their target price on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating on the stock in a report on Tuesday, September 3rd. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.