Ulta Beauty Inc. $ULTA Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC reduced its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 8.1% during the 2nd quarter, Holdings Channel reports. The fund owned 2,294 shares of the specialty retailer’s stock after selling 203 shares during the quarter. Donald L. Hagan LLC’s holdings in Ulta Beauty were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $2,190,000 after acquiring an additional 924 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Ulta Beauty by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock valued at $435,000 after purchasing an additional 152 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of Ulta Beauty during the 1st quarter valued at $201,000. Farther Finance Advisors LLC increased its position in shares of Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 415 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new position in shares of Ulta Beauty during the 1st quarter valued at $250,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ULTA. Evercore ISI lifted their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Barclays lifted their price target on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Piper Sandler assumed coverage on Ulta Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $590.00 price target on the stock. Finally, Canaccord Genuity Group set a $650.00 target price on Ulta Beauty in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $544.20.

Ulta Beauty Stock Down 1.3%

Shares of NASDAQ ULTA opened at $546.75 on Wednesday. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 3.05 and a beta of 1.06. The stock’s fifty day simple moving average is $521.01 and its 200 day simple moving average is $453.27. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $554.13.

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

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by company 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.