LVM Capital Management Ltd. MI Invests $601,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

LVM Capital Management Ltd. MI bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,640 shares of the specialty retailer's stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Parallel Advisors LLC grew its stake in shares of Ulta Beauty by 40.8% in the 1st quarter. Parallel Advisors LLC now owns 438 shares of the specialty retailer's stock valued at $161,000 after buying an additional 127 shares during the period. GAMMA Investing LLC lifted its stake in Ulta Beauty by 38,770.6% in the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after acquiring an additional 442,372 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Ulta Beauty by 450.5% in the 1st quarter. Versant Capital Management Inc now owns 545 shares of the specialty retailer's stock valued at $200,000 after acquiring an additional 446 shares during the last quarter. First Hawaiian Bank boosted its stake in Ulta Beauty by 20.2% in the first quarter. First Hawaiian Bank now owns 3,087 shares of the specialty retailer's stock valued at $1,132,000 after acquiring an additional 519 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in Ulta Beauty during the first quarter worth approximately $268,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ULTA shares. Citigroup upped their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Morgan Stanley lifted their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, DA Davidson upped their price objective on Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of "Hold" and an average price target of $460.91.

Insider Activity at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

NASDAQ ULTA traded down $4.55 during trading on Wednesday, reaching $468.56. The company's stock had a trading volume of 309,197 shares, compared to its average volume of 1,048,025. The firm has a fifty day moving average of $388.84 and a 200 day moving average of $389.42. The stock has a market capitalization of $21.15 billion, a PE ratio of 18.75, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $6.47 earnings per share. Research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.