Global Assets Advisory LLC Sells 2,400 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Global Assets Advisory LLC reduced its stake in Ulta Beauty by 66.7%, now holding only 1,200 shares worth approximately $568,000 as of its latest SEC filing.
• Insider activity includes Director Mike C. Smith selling 500 shares for $264,215, representing an 18.10% decrease in his position.
• Analyst ratings for Ulta Beauty show a consensus of "Moderate Buy" with a price target averaging $544.20, indicating positive market sentiment despite a recent 0.2% decline in share price.

Global Assets Advisory LLC lessened its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 66.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the specialty retailer's stock after selling 2,400 shares during the quarter. Global Assets Advisory LLC's holdings in Ulta Beauty were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ULTA. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $31,000. Rakuten Securities Inc. raised its holdings in Ulta Beauty by 218.5% in the 1st 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. lifted its position in Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Ulta Beauty during the 1st quarter valued at $36,000. Finally, Costello Asset Management INC bought a new stake in shares of Ulta Beauty in the 1st quarter worth $37,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ULTA shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $610.00 price target on shares of Ulta Beauty in a report on Monday, September 8th. Argus upgraded shares of Ulta Beauty from a "hold" rating to a "buy" rating and set a $570.00 target price on the stock in a research note on Thursday, September 25th. Morgan Stanley raised their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Friday, August 29th. UBS Group boosted their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Robert W. Baird raised their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $544.20.

Ulta Beauty Stock Down 0.2%

Shares of ULTA stock opened at $556.45 on Monday. The company's fifty day simple moving average is $523.68 and its two-hundred day simple moving average is $458.44. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $562.11. The stock has a market cap of $24.95 billion, a P/E ratio of 21.34, a PEG ratio of 3.06 and a beta of 1.08.

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 firm had revenue of $2.79 billion for 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 business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.30 earnings per share. On average, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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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