Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Position Lifted by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 65.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,022 shares of the specialty retailer’s stock after buying an additional 3,982 shares during the quarter. Private Advisor Group LLC’s holdings in Ulta Beauty were worth $3,867,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. Vima LLC acquired a new position in Ulta Beauty in the 4th quarter worth about $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC lifted its holdings in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.1 %

ULTA stock opened at $373.50 on Wednesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market cap of $17.60 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31. The business’s 50-day simple moving average is $369.07 and its 200 day simple moving average is $416.15.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $6.02 EPS. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.24 EPS for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their target price on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $356.00 price objective (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Bank of America lowered their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Robert W. Baird reduced their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, Telsey Advisory Group lowered their price objective on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $425.29.

Insider Activity

In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty 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 sale, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of Ulta Beauty 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 transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $786,791.36. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.