GM Advisory Group LLC Buys 1,973 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

GM Advisory Group LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 35.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,483 shares of the specialty retailer’s stock after purchasing an additional 1,973 shares during the quarter. GM Advisory Group LLC’s holdings in Ulta Beauty were worth $2,887,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. grew its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Vima LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at $27,000. Riverview Trust Co bought a new position in shares of Ulta Beauty in the first quarter valued at $30,000. Sound Income Strategies LLC grew its holdings in shares of Ulta Beauty by 490.0% during the first 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 during the first quarter worth about $31,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.1 %

NASDAQ ULTA opened at $403.29 on Friday. The firm has a market cap of $19.00 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company’s 50 day moving average is $368.23 and its 200-day moving average is $409.95. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on ULTA shares. Wells Fargo & Company cut their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Oppenheimer cut their target price on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Stifel Nicolaus lowered their price target on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Loop Capital cut their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America reduced their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $425.29.

Insider Buying and Selling

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated 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 transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is currently 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.