Vise Technologies Inc. Invests $826,000 in Ulta Beauty Inc. $ULTA

Vise Technologies Inc. purchased a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,765 shares of the specialty retailer’s stock, valued at approximately $826,000.

Other hedge funds also recently modified their holdings of the company. Hemington Wealth Management boosted its holdings in shares of Ulta Beauty by 142.9% in 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 in the last quarter. Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty during the first quarter worth $36,000. Costello Asset Management INC acquired a new stake in shares of Ulta Beauty in the first quarter valued at $37,000. Larson Financial Group LLC lifted its position in Ulta Beauty by 178.4% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Ulta Beauty during the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ULTA shares. Loop Capital reiterated a “hold” rating and set a $510.00 target price on shares of Ulta Beauty in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Citigroup raised their price target on Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Canaccord Genuity Group increased their target price on Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, 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 report on Friday, August 29th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Insider Transactions at Ulta Beauty

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 transaction of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Stock Down 0.3%

NASDAQ:ULTA opened at $533.87 on Friday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23. The stock’s 50 day moving average price is $531.02 and its two-hundred day moving average price is $491.44. The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 2.94 and a beta of 1.05.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results 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 firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.30 earnings per share. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.