FNY Investment Advisers LLC Acquires Shares of 1,000 Ulta Beauty Inc. $ULTA

Key Points

• FNY Investment Advisers LLC has acquired 1,000 shares of Ulta Beauty Inc. valued at approximately $467,000 in its recent SEC filing.
• Institutional investors collectively own 90.39% of Ulta Beauty's stock, with several hedge funds increasing their positions in the company during the second quarter.
• Different analysts have issued various ratings on Ulta Beauty, with price targets ranging from $575.00 to $653.00, indicating a consensus rating of "Moderate Buy."

FNY Investment Advisers LLC acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the specialty retailer's stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hemington Wealth Management grew its holdings in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock valued at $31,000 after buying an additional 40 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Ulta Beauty during the 1st quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new position in shares of Ulta Beauty in the first quarter valued at $36,000. Costello Asset Management INC bought a new stake in Ulta Beauty in the first quarter worth $37,000. Finally, Larson Financial Group LLC increased its position in Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer's stock worth $38,000 after purchasing an additional 66 shares during the last quarter. 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 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 directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ULTA shares. Bank of America increased their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Canaccord Genuity Group lifted their price target on Ulta Beauty from $650.00 to $653.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Piper Sandler started coverage on Ulta Beauty in a research note on Thursday, September 4th. They set an "overweight" rating and a $590.00 price objective on the stock. Evercore ISI raised their price objective 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, DA Davidson boosted their target price on Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $550.38.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $525.92 on Wednesday. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.88 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23. The firm has a 50-day moving average of $531.87 and a two-hundred day moving average of $472.64.

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, topping the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. 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. Research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share 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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