Beacon Pointe Advisors LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 56.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,213 shares of the specialty retailer’s stock after selling 1,576 shares during the period. Beacon Pointe Advisors LLC’s holdings in Ulta Beauty were worth $468,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Private Capital Group LLC boosted its holdings in Ulta Beauty by 265.0% in the 2nd quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the period. CoreCap Advisors LLC bought a new position in Ulta Beauty in the 2nd quarter valued at $33,000. WD Rutherford LLC lifted its holdings in shares of Ulta Beauty by 100.0% during the 1st quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Finally, Herold Advisors Inc. bought a new stake in shares of Ulta Beauty during the 1st quarter worth $40,000. 89.20% of the stock is owned by institutional investors.
Insider Activity
In other news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the sale, the insider now owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the sale, the insider now owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the sale, the director now directly owns 2,168 shares in the company, valued at approximately $966,624.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Ulta Beauty Trading Up 0.2 %
ULTA stock opened at $448.35 on Friday. The firm’s 50-day moving average price is $411.11 and its two-hundred day moving average price is $403.00. Ulta Beauty, Inc. has a 12-month low of $330.80 and a 12-month high of $451.48. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.52 and a beta of 1.32.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $4.96 by $0.74. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.56 EPS. Equities analysts predict that Ulta Beauty, Inc. will post 21.22 EPS for the current year.
Wall Street Analyst Weigh In
ULTA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ulta Beauty from $548.00 to $563.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a “hold” rating in a report on Friday, August 26th. Raymond James lifted their price objective on shares of Ulta Beauty from $485.00 to $505.00 and gave the stock a “strong-buy” rating in a report on Friday, August 26th. Telsey Advisory Group lifted their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Ulta Beauty from $427.00 to $491.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $485.71.
Ulta Beauty Company Profile
Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.
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