Vanguard Personalized Indexing Management LLC Buys 2,242 Shares of Ulta Beauty Inc. $ULTA

Vanguard Personalized Indexing Management LLC grew its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 36.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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.

Other large investors also recently modified their holdings of the company. Hemington Wealth Management raised its position in shares of 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 purchasing an additional 40 shares during the period. Wayfinding Financial LLC bought a new position in shares of Ulta Beauty in the first quarter valued at about $31,000. Rakuten Securities Inc. raised its position in shares of Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 59 shares during the period. North Star Investment Management Corp. raised its position in shares of Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 40 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of Ulta Beauty in the first quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Bank of America upped their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. UBS Group upped their price target on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $610.00 price target on shares of Ulta Beauty in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.33.

Ulta Beauty Stock Down 0.4%

ULTA opened at $541.01 on Wednesday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23. The company has a 50-day simple moving average of $529.39 and a 200 day simple moving average of $467.02. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.99 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the business posted $5.30 earnings per share. Ulta Beauty’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

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.