AlphaMark Advisors LLC Boosts Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

AlphaMark Advisors LLC boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,596 shares of the specialty retailer’s stock after acquiring an additional 314 shares during the period. AlphaMark Advisors LLC’s holdings in Ulta Beauty were worth $621,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Janiczek Wealth Management LLC lifted its position in shares of Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in Ulta Beauty by 5.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares in the last quarter. Sage Capital Advisors llc grew its position 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 purchasing an additional 27 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Ulta Beauty by 2.8% in the first quarter. Greenleaf Trust now owns 1,040 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 28 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Ulta Beauty by 2.9% during the first quarter. Wedmont Private Capital now owns 993 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ULTA shares. Barclays lifted their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. DA Davidson reduced their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Loop Capital lowered their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Oppenheimer reissued an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average price target of $423.71.

Ulta Beauty Stock Down 0.4 %

Ulta Beauty stock opened at $371.72 on Friday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a 50-day moving average price of $372.98 and a 200 day moving average price of $388.43. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.02 earnings per share. Research analysts anticipate that Ulta Beauty, Inc. will post 23.1 EPS 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.