Ulta Beauty Inc. $ULTA Stock Holdings Boosted by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC significantly increased its holdings in Ulta Beauty by 73.2% in the second quarter, now owning 1,413 shares valued at $661,000.
• Ulta Beauty reported better-than-expected quarterly earnings with earnings per share of $5.78, surpassing the consensus estimate of $5.03, along with a 9.3% year-over-year revenue growth totaling $2.79 billion.
• Several analysts have raised their price targets for Ulta Beauty, with Evercore ISI setting a new target at $640 and a majority of analysts rating it as a "Moderate Buy."

Kathmere Capital Management LLC raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 73.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,413 shares of the specialty retailer's stock after purchasing an additional 597 shares during the quarter. Kathmere Capital Management LLC's holdings in Ulta Beauty were worth $661,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Ulta Beauty during the 1st quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth $31,000. Rakuten Securities Inc. boosted its stake 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 worth $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. boosted its stake 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 worth $35,000 after acquiring an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty during the 1st quarter worth $36,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Up 2.3%

Shares of NASDAQ:ULTA opened at $552.00 on Friday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $552.45. The business has a fifty day simple moving average of $519.00 and a 200 day simple moving average of $450.30. The firm has a market cap of $24.75 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.04 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company earned $5.30 earnings per share. Ulta Beauty's quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ULTA shares. Evercore ISI raised their price objective on Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. The Goldman Sachs Group raised their price objective on Ulta Beauty from $530.00 to $584.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Loop Capital restated a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a report on Friday, July 25th. Raymond James Financial restated an "outperform" rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Finally, UBS Group increased their target price on Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $544.20.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were 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 $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

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.

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