SYM FINANCIAL Corp Acquires Shares of 751 Ulta Beauty Inc. $ULTA

SYM FINANCIAL Corp acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, Holdings Channel reports. The firm acquired 751 shares of the specialty retailer’s stock, valued at approximately $351,000.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty in the first quarter valued at $31,000. Hemington Wealth Management raised its stake 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 acquiring an additional 40 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Ulta Beauty in the first quarter valued at $36,000. Costello Asset Management INC purchased a new stake in shares of Ulta Beauty in the first quarter valued at $37,000. Finally, Larson Financial Group LLC raised its stake in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 66 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $522.82 on Tuesday. The company has a market capitalization of $23.44 billion, a PE ratio of 20.05, a P/E/G ratio of 2.85 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The firm’s 50-day moving average is $531.62 and its 200 day moving average is $478.45.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Raymond James Financial reissued an “outperform” rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Loop Capital reissued a “hold” rating and issued a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Evercore ISI increased their target price on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Oppenheimer increased their target price on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. One investment 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. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $550.38.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s 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 transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.