Callan Family Office LLC lifted its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 106.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,144 shares of the specialty retailer's stock after acquiring an additional 591 shares during the period. Callan Family Office LLC's holdings in Ulta Beauty were worth $535,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Ulta Beauty by 1.1% during the 2nd quarter. US Bancorp DE now owns 12,061 shares of the specialty retailer's stock valued at $5,642,000 after buying an additional 132 shares in the last quarter. Allegiance Financial Group Advisory Services LLC bought a new position in Ulta Beauty during the 2nd quarter valued at approximately $306,000. Optas LLC bought a new position in Ulta Beauty during the 2nd quarter valued at approximately $269,000. Bar Harbor Wealth Management increased its position in Ulta Beauty by 8.9% during the 2nd quarter. Bar Harbor Wealth Management now owns 3,973 shares of the specialty retailer's stock valued at $1,859,000 after buying an additional 324 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Ulta Beauty during the 2nd quarter valued at approximately $262,000. Institutional investors own 90.39% of the company's stock.
Insider Activity
In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the sale, the director directly owned 2,263 shares of the company's stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.
Ulta Beauty Stock Performance
NASDAQ ULTA opened at $541.01 on Wednesday. The company has a market capitalization of $24.26 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.99 and a beta of 1.08. The business's fifty day moving average is $529.39 and its 200 day moving average is $467.02. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23.
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, beating the consensus estimate of $5.03 by $0.75. The company 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%.Ulta Beauty's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.30 earnings per share. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Analyst Upgrades and Downgrades
ULTA has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Canaccord Genuity Group increased their target price on Ulta Beauty from $650.00 to $653.00 and gave the company a "buy" rating in a research note on Friday. Cowen reiterated a "hold" rating on shares of Ulta Beauty in a research note on Friday, August 29th. Evercore ISI increased their target price on Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Citigroup increased their target price on Ulta Beauty from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $549.33.
Check Out Our Latest Report on Ulta Beauty
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.
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