Apollon Wealth Management LLC Buys 432 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Apollon Wealth Management LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,399 shares of the specialty retailer’s stock after buying an additional 432 shares during the period. Apollon Wealth Management LLC’s holdings in Ulta Beauty were worth $544,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sage Capital Advisors llc increased its holdings in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 28 shares during the period. UMB Bank n.a. raised its holdings 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 during the last quarter. AdvisorNet Financial Inc boosted its position in Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after buying an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Ulta Beauty by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after acquiring an additional 33 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ULTA. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. B. Riley assumed coverage on Ulta Beauty in a research report on Tuesday, September 10th. They set a “sell” rating and a $300.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Citigroup lowered their price objective on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI cut their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Down 4.6 %

Shares of NASDAQ:ULTA opened at $365.17 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock’s 50 day moving average is $380.06 and its 200-day moving average is $379.36. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.02 EPS. Equities 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.