Ulta Beauty Inc. (NASDAQ:ULTA) Shares Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC increased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 197.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,600 shares of the specialty retailer's stock after purchasing an additional 2,391 shares during the period. Global Assets Advisory LLC's holdings in Ulta Beauty were worth $1,278,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. LaFleur & Godfrey LLC raised its position in shares of Ulta Beauty by 32.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock worth $1,068,000 after acquiring an additional 596 shares in the last quarter. Allworth Financial LP increased its stake in Ulta Beauty by 55.1% in the fourth quarter. Allworth Financial LP now owns 214 shares of the specialty retailer's stock valued at $90,000 after purchasing an additional 76 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after purchasing an additional 288 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Ulta Beauty by 94.1% during the 4th quarter. Venturi Wealth Management LLC now owns 165 shares of the specialty retailer's stock worth $72,000 after buying an additional 80 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Ulta Beauty by 6.5% in the 4th quarter. IFP Advisors Inc now owns 3,481 shares of the specialty retailer's stock valued at $1,514,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ULTA shares. Truist Financial lifted their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. DA Davidson lifted their target price on Ulta Beauty from $415.00 to $485.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Loop Capital reissued a "buy" rating and issued a $510.00 target price (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Canaccord Genuity Group raised their price target on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Wells Fargo & Company lifted their price target on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $462.22.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty 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 sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $5.40 during trading hours on Wednesday, reaching $459.09. 883,673 shares of the company's stock were exchanged, compared to its average volume of 960,182. The company's 50 day moving average is $421.48 and its two-hundred day moving average is $399.29. The company has a market cap of $20.63 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.78 and a beta of 1.09. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.47 earnings per share. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty 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.