Ballentine Partners LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 795 shares of the specialty retailer's stock, valued at approximately $372,000.
Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust acquired a new stake in Ulta Beauty in the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $31,000. Rakuten Securities Inc. lifted its holdings 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 worth $32,000 after purchasing an additional 59 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Ulta Beauty during the first quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Insider Transactions at Ulta Beauty
In other 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 value of $264,215.00. Following the transaction, the director owned 2,263 shares of the company's stock, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Citigroup lifted their target price on Ulta Beauty from $450.00 to $550.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Canaccord Genuity Group set a $650.00 target price on Ulta Beauty in a report on Friday, August 29th. Bank of America lifted their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Morgan Stanley lifted their target price on Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Piper Sandler initiated coverage on Ulta Beauty in a report on Thursday, September 4th. They issued an "overweight" rating and a $590.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $544.20.
Read Our Latest Analysis on Ulta Beauty
Ulta Beauty Stock Up 2.3%
Shares of NASDAQ:ULTA opened at $552.00 on Friday. The business has a fifty day moving average of $519.00 and a two-hundred day moving average of $450.30. The stock has a market cap of $24.75 billion, a P/E ratio of 21.17, a PEG 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 issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.30 EPS. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
About Ulta Beauty
(
Free Report)
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.
Further Reading
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