Financial Partners Group LLC Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Financial Partners Group LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 3rd quarter, Holdings Channel reports. The firm acquired 648 shares of the specialty retailer’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. LRI Investments LLC bought a new position in Ulta Beauty during the 1st quarter valued at $31,000. Innealta Capital LLC bought a new position in shares of Ulta Beauty during the second quarter valued at about $32,000. Finally, Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ULTA shares. Citigroup dropped their target price on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. B. Riley started coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Piper Sandler upped their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Up 0.0 %

Shares of ULTA stock opened at $367.18 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 fifty day moving average of $376.31 and a 200 day moving average of $384.77. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.10 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) 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). 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 during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the firm posted $6.02 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current 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.