GHP Investment Advisors Inc. Has $11.50 Million Stock Position in Ulta Beauty Inc. (NASDAQ:ULTA)

GHP Investment Advisors Inc. lifted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,360 shares of the specialty retailer's stock after buying an additional 586 shares during the quarter. GHP Investment Advisors Inc. owned 0.07% of Ulta Beauty worth $11,495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC grew its position in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after buying an additional 34 shares in the last quarter. American National Bank & Trust acquired a new position in Ulta Beauty during the 1st quarter valued at approximately $29,000. Rakuten Securities Inc. grew 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 worth $32,000 after acquiring an additional 59 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 40 shares during the period. Finally, NBC Securities Inc. bought a new stake in Ulta Beauty during the 1st quarter valued at $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the subject of a number of research reports. Piper Sandler reaffirmed a "neutral" rating and set a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Oppenheimer boosted their target price on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Wells Fargo & Company raised their price target on shares of Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Loop Capital restated a "buy" rating and set a $510.00 price target (up previously from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. Finally, Evercore ISI lifted their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $462.22.

Ulta Beauty Trading Down 1.5%

ULTA stock traded down $7.07 during mid-day trading on Tuesday, hitting $464.49. 756,613 shares of the company were exchanged, compared to its average volume of 1,040,797. The stock has a market capitalization of $20.88 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.80 and a beta of 1.09. The business has a 50 day simple moving average of $419.35 and a 200-day simple moving average of $398.83. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the previous year, the company posted $6.47 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.39% of the company's stock.

Ulta Beauty Company 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.