Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings 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 purchased a new position in shares of Ulta Beauty in the 1st quarter valued at about $31,000. Innealta Capital LLC purchased a new stake in Ulta Beauty during the second quarter worth about $32,000. Paladin Wealth LLC purchased a new position in Ulta Beauty in the third quarter valued at about $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at approximately $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ULTA shares. UBS Group lowered their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Barclays raised their price target on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Evercore ISI lowered 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, B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target for the company. Two equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Price Performance

Shares of ULTA opened at $379.79 on Wednesday. The business’s fifty day moving average price is $379.28 and its 200 day moving average price is $379.63. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market capitalization of $17.90 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.33.

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%. Ulta Beauty’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.02 earnings per share. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

About Ulta Beauty

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.