Ballentine Partners LLC Takes $372,000 Position in Ulta Beauty Inc. $ULTA

Ballentine Partners LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 795 shares of the specialty retailer’s stock, valued at approximately $372,000.

Several other large investors have also modified their holdings of ULTA. American National Bank & Trust acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in Ulta Beauty during the 1st quarter worth about $31,000. Rakuten Securities Inc. lifted its stake in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Ulta Beauty by 71.4% during the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Ulta Beauty during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ULTA. Loop Capital reissued a “hold” rating and set a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Wells Fargo & Company increased their target price on Ulta Beauty from $400.00 to $425.00 and gave the stock an “underweight” rating in a research note on Friday, August 29th. Bank of America upped their price target on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $610.00 price target on shares of Ulta Beauty in a report on Monday, September 8th. Finally, Cowen restated a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $544.20.

Ulta Beauty Stock Performance

ULTA opened at $552.00 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $552.45. The company has a market cap of $24.75 billion, a P/E ratio of 21.17, a PEG ratio of 3.04 and a beta of 1.06. The business’s 50-day simple moving average is $519.00 and its 200-day simple moving average is $450.30.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion for 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 firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.30 EPS. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Transactions at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

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.