Mendota Financial Group LLC Invests $183,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mendota Financial Group LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 471 shares of the specialty retailer’s stock, valued at approximately $183,000.

Several other institutional investors have also added to or reduced their stakes in ULTA. Choreo LLC grew its stake in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 1,198 shares in the last quarter. Duality Advisers LP increased its stake in Ulta Beauty by 92.8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after acquiring an additional 3,504 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ulta Beauty by 10.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after acquiring an additional 8,337 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 139 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ULTA shares. Citigroup dropped their target price on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. TD Cowen reduced their target price on Ulta Beauty from $395.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. DA Davidson lowered their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird decreased their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $424.08.

Ulta Beauty Trading Up 3.2 %

ULTA opened at $370.58 on Friday. The company has a fifty day moving average price of $369.35 and a two-hundred day moving average price of $392.53. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a market cap of $17.68 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company posted $6.02 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS 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.