Bell & Brown Wealth Advisors LLC Has $6.76 Million Stake in Ulta Beauty Inc. $ULTA

Bell & Brown Wealth Advisors LLC increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,482 shares of the specialty retailer’s stock after acquiring an additional 45 shares during the period. Ulta Beauty comprises about 2.4% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. Bell & Brown Wealth Advisors LLC’s holdings in Ulta Beauty were worth $6,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $31,000. Hemington Wealth Management raised its holdings in shares of Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 40 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Ulta Beauty during the first quarter worth $36,000. Costello Asset Management INC acquired a new stake in shares of Ulta Beauty during the first quarter worth $37,000. Finally, Larson Financial Group LLC raised its holdings in shares of Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 66 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Piper Sandler assumed coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 target price for the company. Barclays raised their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Bank of America raised their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $550.38.

Ulta Beauty Price Performance

Shares of ULTA opened at $533.51 on Friday. The firm has a 50-day moving average of $531.17 and a 200-day moving average of $469.79. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The company has a market cap of $23.92 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08.

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

Insider Activity at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

About Ulta Beauty

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.