Sequoia Financial Advisors LLC Raises Position in Ulta Beauty Inc. $ULTA

Sequoia Financial Advisors LLC grew its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 30.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,664 shares of the specialty retailer’s stock after purchasing an additional 387 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ulta Beauty were worth $778,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. ORG Partners LLC lifted its position in shares of Ulta Beauty by 17.7% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 23 shares during the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management lifted its position in shares of Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 24 shares during the last quarter. Wambolt & Associates LLC lifted its position in shares of Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after purchasing an additional 26 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of Ulta Beauty by 32.5% during the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 27 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $533.51 on Friday. The firm has a market cap of $23.92 billion, a PE ratio of 20.46, a P/E/G ratio of 2.94 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The firm’s fifty day moving average is $531.17 and its two-hundred day moving average is $470.40.

Ulta Beauty (NASDAQ:ULTA) last posted 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. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. Ulta Beauty’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $5.30 earnings per share. Research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ULTA shares. Jefferies Financial Group lifted their price objective on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Morgan Stanley boosted their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

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.