Mutual Advisors LLC Takes Position in Ulta Beauty Inc. $ULTA

Key Points

• Mutual Advisors LLC acquired 680 shares of Ulta Beauty Inc. valued at approximately $350,000 during the 2nd quarter, highlighting continued institutional interest in the company.
• Multiple other investors have also increased their holdings in Ulta, with a significant boost from Wealth Enhancement Advisory Services LLC, which raised its stake by 110.3%.
• Ulta Beauty reported a quarterly earnings per share of $5.78, beating expectations and indicating strong performance despite a volatile market outlook.

Mutual Advisors LLC acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 680 shares of the specialty retailer's stock, valued at approximately $350,000.

Several other institutional investors have also recently modified their holdings of ULTA. GAMMA Investing LLC increased its position in shares of Ulta Beauty by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock valued at $444,000 after purchasing an additional 69 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Ulta Beauty by 110.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,926 shares of the specialty retailer's stock valued at $3,638,000 after acquiring an additional 5,207 shares during the period. Blue Trust Inc. boosted its holdings in Ulta Beauty by 49.5% during the 1st quarter. Blue Trust Inc. now owns 148 shares of the specialty retailer's stock valued at $54,000 after acquiring an additional 49 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Ulta Beauty during the 1st quarter valued at about $493,000. Finally, Stiles Financial Services Inc boosted its holdings in Ulta Beauty by 72.4% during the 1st quarter. Stiles Financial Services Inc now owns 817 shares of the specialty retailer's stock valued at $299,000 after acquiring an additional 343 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 2,263 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cowen restated a "hold" rating on shares of Ulta Beauty in a report on Friday, August 29th. Bank of America increased their target price on Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a report on Friday, August 29th. The Goldman Sachs Group increased their target price on Ulta Beauty from $530.00 to $584.00 and gave the company a "buy" rating in a report on Friday, August 29th. Telsey Advisory Group restated an "outperform" rating and set a $610.00 target price on shares of Ulta Beauty in a report on Friday. Finally, UBS Group upped their price target on Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $550.38.

Ulta Beauty Price Performance

ULTA opened at $523.72 on Tuesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.94 and a beta of 1.08. The business has a 50 day simple moving average of $531.67 and a two-hundred day simple moving average of $472.27.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced 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. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the company earned $5.30 EPS. The business's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.