Kathmere Capital Management LLC Makes New $212,000 Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Kathmere Capital Management LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 2nd quarter, Holdings Channel reports. The fund acquired 549 shares of the specialty retailer’s stock, valued at approximately $212,000.

Several other hedge funds also recently made changes to their positions in ULTA. Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty in the first quarter valued at about $176,753,000. Los Angeles Capital Management LLC increased its holdings in Ulta Beauty by 210.4% in the first quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock valued at $141,988,000 after purchasing an additional 184,060 shares during the period. Hsbc Holdings PLC increased its stake in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after buying an additional 157,497 shares during the period. Boston Partners raised its holdings in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Ulta Beauty by 33.6% during the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after buying an additional 136,725 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was 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 $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $404.01 on Monday. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.30 and a beta of 1.31. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company’s fifty day moving average price is $368.40 and its 200-day moving average price is $401.69.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ULTA. Barclays increased their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Oppenheimer lowered their target price on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Evercore ISI dropped their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Stifel Nicolaus lowered their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $425.29.

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.