533 Shares in Ulta Beauty Inc. $ULTA Acquired by Advisory Alpha LLC

Advisory Alpha LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, Holdings Channel.com reports. The fund bought 533 shares of the specialty retailer’s stock, valued at approximately $249,000.

A number of other institutional investors have also made changes to their positions in ULTA. Wayfinding Financial LLC acquired a new position in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. Hemington Wealth Management increased its holdings in shares of Ulta Beauty by 142.9% during the 2nd 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 last quarter. Ransom Advisory Ltd acquired a new position in shares of Ulta Beauty during the 1st quarter worth approximately $36,000. Costello Asset Management INC acquired a new position in Ulta Beauty in the 1st quarter valued at $37,000. Finally, Larson Financial Group LLC grew its holdings in Ulta Beauty by 178.4% in the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 66 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $509.66 on Friday. The stock has a fifty day moving average price of $531.24 and a 200-day moving average price of $480.81. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.78 and a beta of 1.08. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23.

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, beating analysts’ consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion during 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 company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.30 EPS. Research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $610.00 price objective on shares of Ulta Beauty in a report on Friday, October 17th. Morgan Stanley upped their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 29th. UBS Group upped their price objective on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Piper Sandler assumed coverage on Ulta Beauty in a report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently 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.