Chase Investment Counsel Corp Purchases 200 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Chase Investment Counsel Corp boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the specialty retailer’s stock after purchasing an additional 200 shares during the period. Chase Investment Counsel Corp’s holdings in Ulta Beauty were worth $771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. lifted its position in 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 purchasing an additional 30 shares in the last quarter. Vima LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth approximately $27,000. Riverview Trust Co purchased a new position in shares of Ulta Beauty during the 1st quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings 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 buying an additional 49 shares during the period. Finally, LRI Investments LLC purchased a new stake in Ulta Beauty in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $404.01 on Monday. The business has a fifty day moving average of $368.40 and a 200 day moving average of $401.69. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $6.02 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ULTA. DA Davidson cut their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Barclays lifted their target price on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Bank of America dropped their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company reduced their price objective 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. Finally, Telsey Advisory Group decreased their price objective on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $425.29.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

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.