468 Shares in Ulta Beauty Inc. $ULTA Acquired by Financial Partners Group LLC

Key Points

• Financial Partners Group LLC acquired 468 shares of Ulta Beauty Inc. valued at approximately $219,000 during the second quarter.
• Ulta Beauty reported earnings per share of $5.78 for the last quarter, surpassing analysts' estimates of $5.03, with revenue of $2.79 billion, up 9.3% year-over-year.
• Significant investment activity from institutional investors includes Price T Rowe Associates increasing its stake by 128.2%, now holding over 1.2 million shares.

Financial Partners Group LLC acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 468 shares of the specialty retailer's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Price T Rowe Associates Inc. MD grew its stake in Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock worth $449,021,000 after buying an additional 688,267 shares during the last quarter. GAMMA Investing LLC grew its stake in Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after buying an additional 442,372 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock worth $334,871,000 after buying an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock worth $341,453,000 after buying an additional 366,147 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Ulta Beauty by 5,117.0% during the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock worth $80,753,000 after buying an additional 216,089 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $552.00 on Friday. The stock's 50-day simple moving average is $519.00 and its 200 day simple moving average is $450.30. The company has a market cap of $24.75 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.04 and a beta of 1.06. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $552.45.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.30 earnings per share. As a group, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ULTA has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on Ulta Beauty from $530.00 to $584.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Cowen restated a "hold" rating on shares of Ulta Beauty in a research note on Friday, August 29th. Canaccord Genuity Group set a $650.00 price objective on Ulta Beauty in a research note on Friday, August 29th. Evercore ISI increased their price target on Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, UBS Group increased their price target on Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $544.20.

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.

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