Baldwin Wealth Partners LLC MA Acquires 496 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Baldwin Wealth Partners LLC MA increased its holdings in Ulta Beauty by 1.9%, acquiring an additional 496 shares, bringing its total ownership to 27,187 shares valued at approximately $12.7 million.
• Several other institutional investors have also adjusted their positions in Ulta Beauty, with Mirae Asset Global Investments Co. Ltd. and J. Safra Sarasin Holding AG notably increasing their stakes by 17.9% and 167.8%, respectively.
• Analysts have raised their price targets for Ulta Beauty stock, with estimates ranging from $425 to $640, reflecting strong growth expectations and a consensus target price of $549.21.

Baldwin Wealth Partners LLC MA grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,187 shares of the specialty retailer's stock after acquiring an additional 496 shares during the period. Baldwin Wealth Partners LLC MA owned 0.06% of Ulta Beauty worth $12,719,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Ulta Beauty by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock worth $2,190,000 after acquiring an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Ulta Beauty by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after buying an additional 152 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Ulta Beauty in the first quarter worth $201,000. Ascent Group LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $395,000. Finally, J. Safra Sarasin Holding AG lifted its stake in shares of Ulta Beauty by 167.8% in the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer's stock worth $2,111,000 after buying an additional 2,828 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Evercore ISI boosted their price objective on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Barclays boosted their price objective on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a research note on Friday, August 29th. Finally, Jefferies Financial Group boosted their price objective on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $549.21.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $561.15 on Friday. The stock has a market cap of $25.16 billion, a P/E ratio of 21.52, a PEG ratio of 3.12 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The company has a fifty day moving average price of $527.39 and a 200 day moving average price of $462.69.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the prior year, the company posted $5.30 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts anticipate 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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