82 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Innealta Capital LLC

Innealta Capital LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 2nd quarter, Holdings Channel reports. The fund bought 82 shares of the specialty retailer’s stock, valued at approximately $32,000.

Other institutional investors have also recently bought and sold shares of the company. Nvwm LLC increased its stake in shares of Ulta Beauty by 2.1% in the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after purchasing an additional 21 shares during the period. Manchester Capital Management LLC grew its holdings in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 21 shares during the last quarter. Nkcfo LLC increased its position in Ulta Beauty by 14.4% in the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after buying an additional 23 shares during the period. Janiczek Wealth Management LLC increased its position in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after buying an additional 25 shares during the period. Finally, Bfsg LLC lifted its holdings in shares of Ulta Beauty by 0.4% during the first quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock worth $3,286,000 after buying an additional 26 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a report on Friday. Barclays increased their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James lowered Ulta Beauty from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $500.00 to $450.00 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $436.83.

Ulta Beauty Stock Performance

ULTA opened at $352.84 on Friday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.75 and a beta of 1.37. The firm’s 50-day simple moving average is $372.83 and its 200-day simple moving average is $427.31. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $6.02 earnings per share. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 25.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

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.