Wealthfront Advisers LLC Grows Position in Ulta Beauty Inc. $ULTA

Wealthfront Advisers LLC grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 70.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,466 shares of the specialty retailer’s stock after buying an additional 1,841 shares during the period. Wealthfront Advisers LLC’s holdings in Ulta Beauty were worth $2,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock worth $2,190,000 after purchasing an additional 924 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Ulta Beauty by 0.4% in the first quarter. Amalgamated Bank now owns 9,723 shares of the specialty retailer’s stock valued at $3,564,000 after purchasing an additional 37 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Ulta Beauty by 3.0% in the first quarter. New York State Teachers Retirement System now owns 40,302 shares of the specialty retailer’s stock valued at $14,772,000 after purchasing an additional 1,191 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in Ulta Beauty by 2.2% during the first quarter. Ameritas Advisory Services LLC now owns 1,397 shares of the specialty retailer’s stock worth $512,000 after buying an additional 30 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in Ulta Beauty by 20.7% during the first quarter. Clear Creek Financial Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $368,000 after buying an additional 172 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the 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 sale, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Oppenheimer raised their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Wells Fargo & Company lifted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a research note on Thursday, September 25th. Finally, Morgan Stanley raised their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Up 0.7%

ULTA opened at $509.66 on Friday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The business has a fifty day simple moving average of $531.24 and a 200-day simple moving average of $480.81. The firm has a market cap of $22.85 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.78 and a beta of 1.08.

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

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.