Vanguard Personalized Indexing Management LLC Has $3.92 Million Position in Ulta Beauty Inc. $ULTA

Vanguard Personalized Indexing Management LLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 36.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,380 shares of the specialty retailer's stock after purchasing an additional 2,242 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Ulta Beauty were worth $3,921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Lincluden Management Ltd. acquired a new position in Ulta Beauty during the second quarter valued at approximately $3,458,000. Concurrent Investment Advisors LLC lifted its stake in Ulta Beauty by 142.4% in the second quarter. Concurrent Investment Advisors LLC now owns 1,331 shares of the specialty retailer's stock valued at $623,000 after buying an additional 782 shares in the last quarter. waypoint wealth counsel bought a new position in Ulta Beauty in the second quarter valued at approximately $246,000. Apollon Wealth Management LLC lifted its stake in Ulta Beauty by 10.3% in the second quarter. Apollon Wealth Management LLC now owns 1,270 shares of the specialty retailer's stock valued at $594,000 after buying an additional 119 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock valued at $31,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $610.00 price target on shares of Ulta Beauty in a research note on Monday, September 8th. Cowen reaffirmed a "hold" rating on shares of Ulta Beauty in a research note on Friday, August 29th. DA Davidson lifted their price target on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Piper Sandler began coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They issued an "overweight" rating and a $590.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $549.33.

Insiders Place Their Bets

In related news, Director Mike C. Smith sold 500 shares of the business's 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 in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

Ulta Beauty Stock Down 0.4%

Shares of ULTA stock opened at $541.01 on Wednesday. The company's fifty day simple moving average is $529.39 and its 200-day simple moving average is $467.02. The firm has a market cap of $24.26 billion, a PE ratio of 20.74, a P/E/G ratio of 2.99 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 10.31% and a return on equity of 48.78%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $5.30 earnings per share. On average, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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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