Romano Brothers AND Company Acquires 2,820 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Romano Brothers AND Company grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 41.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,604 shares of the specialty retailer’s stock after purchasing an additional 2,820 shares during the period. Romano Brothers AND Company’s holdings in Ulta Beauty were worth $3,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Riverview Trust Co bought a new position in shares of Ulta Beauty in the first quarter worth about $30,000. Sound Income Strategies LLC grew its stake in Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Ulta Beauty during the first quarter worth approximately $31,000. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ULTA shares. Raymond James reduced their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company cut their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus raised their target price 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. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, Bank of America reduced their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Two 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.com, the stock has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $367.02 on Thursday. The firm’s fifty day moving average is $376.31 and its two-hundred day moving average is $384.77. The firm has a market cap of $17.29 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.10 and a beta of 1.32. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share 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.