Altman Advisors Inc. grew its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 35.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,563 shares of the specialty retailer’s stock after purchasing an additional 1,974 shares during the quarter. Altman Advisors Inc.’s holdings in Ulta Beauty were worth $1,896,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Advisors LLC bought a new stake in Ulta Beauty during the second quarter worth $26,000. Commonwealth Bank of Australia lifted its holdings in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 38 shares during the period. Next Capital Management LLC lifted its holdings in Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 62 shares during the period. NEXT Financial Group Inc lifted its holdings in Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in Ulta Beauty during the second quarter worth $34,000. Institutional investors own 87.80% of the company’s stock.

ULTA has been the topic of a number of recent analyst reports. ValuEngine upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Atlantic Securities lowered Ulta Beauty from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $390.00 to $250.00 in a report on Friday, August 30th. Credit Suisse Group dropped their price target on Ulta Beauty from $380.00 to $286.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Robert W. Baird set a $315.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, TheStreet lowered Ulta Beauty from a “b-” rating to a “c+” rating in a report on Monday, September 30th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $298.23.

In related news, CEO Mary N. Dillon purchased 1,300 shares of Ulta Beauty stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the transaction, the chief executive officer now owns 79,256 shares in the company, valued at $18,797,145.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Heilbronn purchased 70,009 shares of Ulta Beauty stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the completion of the transaction, the director now owns 60,368 shares of the company’s stock, valued at approximately $15,011,106.88. The disclosure for this purchase can be found here. Insiders acquired 186,567 shares of company stock valued at $44,964,903 over the last three months. Company insiders own 4.20% of the company’s stock.

NASDAQ:ULTA traded up $1.01 during trading hours on Wednesday, reaching $238.04. The stock had a trading volume of 87,880 shares, compared to its average volume of 1,050,484. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.80. The stock has a 50 day simple moving average of $257.55 and a 200 day simple moving average of $323.43. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $368.83. The stock has a market cap of $13.92 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.27 and a beta of 1.15.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business earned $2.46 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts expect that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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