Resonant Capital Advisors LLC Buys 245 Shares of Ulta Beauty Inc. $ULTA

Resonant Capital Advisors LLC raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,876 shares of the specialty retailer’s stock after buying an additional 245 shares during the period. Resonant Capital Advisors LLC’s holdings in Ulta Beauty were worth $878,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. ORG Partners LLC increased its stake in shares of Ulta Beauty by 17.7% in the second 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 period. Chesley Taft & Associates LLC increased its stake in shares of Ulta Beauty by 3.0% in the second 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 period. OFI Invest Asset Management increased its stake in shares of Ulta Beauty by 6.8% in the second 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 period. Wambolt & Associates LLC increased its stake in shares of Ulta Beauty by 1.6% in the first 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 period. Finally, Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 32.5% in the first 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 period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Down 1.3%

ULTA stock opened at $517.66 on Monday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23. The company has a market cap of $23.21 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.08. The business’s 50-day simple moving average is $531.50 and its 200 day simple moving average is $477.34.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $5.30 earnings per share. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ULTA shares. Oppenheimer lifted their price objective on Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. DA Davidson lifted their price objective on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. The Goldman Sachs Group lifted their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Piper Sandler started coverage on Ulta Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $590.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

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.