Pzena Investment Management LLC Invests $246,000 in Ulta Beauty Inc. $ULTA

Key Points

• Pzena Investment Management LLC acquired 525 shares of Ulta Beauty Inc., valued at approximately $246,000, in the second quarter.
• Insider transaction details reveal that Director Mike C. Smith sold 500 shares of Ulta Beauty, resulting in an 18.10% decrease in his holdings.
• Ulta Beauty reported strong quarterly earnings with $5.78 EPS, beating the consensus estimate, and a revenue of $2.79 billion.

Pzena Investment Management LLC acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 525 shares of the specialty retailer's stock, valued at approximately $246,000.

A number of other institutional investors have also made changes to their positions in ULTA. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock worth $275,000 after purchasing an additional 415 shares during the period. GAMMA Investing LLC increased its stake in shares of Ulta Beauty by 6.0% in the first quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock worth $444,000 after purchasing an additional 69 shares during the period. CVA Family Office LLC increased its stake in shares of Ulta Beauty by 57.1% in the first quarter. CVA Family Office LLC now owns 110 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 40 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ulta Beauty by 110.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,926 shares of the specialty retailer's stock worth $3,638,000 after purchasing an additional 5,207 shares during the period. Finally, Ritholtz Wealth Management bought a new position in Ulta Beauty during the first quarter valued at about $631,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company's stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Ulta Beauty Price Performance

Shares of ULTA opened at $542.93 on Tuesday. The company has a market capitalization of $24.34 billion, a P/E ratio of 20.82, a PEG ratio of 3.02 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The business's 50 day simple moving average is $528.78 and its 200-day simple moving average is $466.50.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.Ulta Beauty's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.30 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ULTA. Weiss Ratings restated a "hold (c)" rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a research note on Tuesday, August 26th. The Goldman Sachs Group boosted their price target on Ulta Beauty from $530.00 to $584.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Telsey Advisory Group restated an "outperform" rating and set a $610.00 price target on shares of Ulta Beauty in a research note on Monday, September 8th. Finally, Loop Capital restated a "hold" rating and set a $510.00 price target on shares of Ulta Beauty in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $549.33.

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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