487 Shares in Ulta Beauty Inc. $ULTA Bought by OMNI 360 Wealth Inc.

Key Points

• OMNI 360 Wealth Inc. acquired 487 shares of Ulta Beauty valued at approximately $228,000 during the second quarter, amidst growing interest from institutional investors.
• Ulta Beauty's shares recently reached an opening price of $514.62, with significant growth reflected in its earnings report, showing earnings per share of $5.78 that exceeded analysts' expectations.
• Equities analysts have raised their price targets for Ulta Beauty, with Evercore ISI increasing it to $640.00 and Citigroup to $550.00, indicating a positive outlook for the company's stock performance.

OMNI 360 Wealth Inc. purchased a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 487 shares of the specialty retailer's stock, valued at approximately $228,000.

Several other large investors have also recently modified their holdings of ULTA. American National Bank & Trust bought a new stake in Ulta Beauty in the first quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in Ulta Beauty in the first quarter worth about $31,000. Rakuten Securities Inc. boosted its position in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Ulta Beauty in the first quarter worth about $36,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction on Thursday, September 4th. The shares were 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 approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI raised their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Citigroup increased their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Oppenheimer raised their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Cowen restated a "hold" rating on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $543.13.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $514.62 on Monday. The company has a market cap of $23.07 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.83 and a beta of 1.06. The stock's 50 day simple moving average is $509.07 and its two-hundred day simple moving average is $438.35. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $5.30 earnings per share. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current 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.

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