Integrity Alliance LLC. Takes $272,000 Position in Ulta Beauty Inc. $ULTA

Key Points

• Integrity Alliance LLC. acquired a new stake in Ulta Beauty Inc. valued at approximately $272,000 by purchasing 741 shares during the first quarter.
• Ulta Beauty reported strong quarterly earnings, with an EPS of $5.78 that surpassed estimates, alongside a revenue of $2.79 billion for the period.
• Analysts have raised their price targets for Ulta Beauty, with expectations ranging from $550.00 to $600.00, indicating a generally positive outlook on the stock.

Integrity Alliance LLC. purchased a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 741 shares of the specialty retailer's stock, valued at approximately $272,000.

A number of other large investors have also recently modified their holdings of ULTA. American National Bank & Trust bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $31,000. Rakuten Securities Inc. boosted its position in shares of Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Ulta Beauty by 71.4% during 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 during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $36,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $514.62 on Friday. The business's 50 day simple moving average is $509.07 and its two-hundred day simple moving average is $437.85. The stock has a market capitalization of $23.08 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.87 and a beta of 1.06. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. The business 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.30 EPS. Sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the business'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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Robert W. Baird raised their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Cowen reissued a "hold" rating on shares of Ulta Beauty in a report on Friday, August 29th. Oppenheimer raised their price objective on Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, Morgan Stanley raised their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $543.13.

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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