Tempus Wealth Planning LLC Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tempus Wealth Planning LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 951 shares of the specialty retailer’s stock, valued at approximately $370,000.

Several other hedge funds also recently modified their holdings of ULTA. Wellington Management Group LLP boosted its holdings in shares of Ulta Beauty by 3.4% during the 4th quarter. Wellington Management Group LLP now owns 10,130 shares of the specialty retailer’s stock valued at $4,964,000 after acquiring an additional 334 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at $45,000. RFG Advisory LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at $206,000. International Assets Investment Management LLC boosted its holdings in shares of Ulta Beauty by 14.8% during the 1st quarter. International Assets Investment Management LLC now owns 683 shares of the specialty retailer’s stock valued at $361,000 after acquiring an additional 88 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Ulta Beauty by 6.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 6,665 shares of the specialty retailer’s stock valued at $3,485,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ULTA. Robert W. Baird cut their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 target price on shares of Ulta Beauty in a report on Thursday, October 17th. Wells Fargo & Company cut their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Evercore ISI cut their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, Stifel Nicolaus lifted their target price on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Performance

Shares of ULTA opened at $365.01 on Wednesday. The stock has a 50 day moving average price of $375.55 and a two-hundred day moving average price of $384.90. The firm has a market capitalization of $17.20 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.12 and a beta of 1.32. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for 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 business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.06 earnings per share for the current year.

Ulta Beauty Company 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.