Global Assets Advisory LLC Sells 2,400 Shares of Ulta Beauty Inc. $ULTA

Global Assets Advisory LLC lowered its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 66.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,200 shares of the specialty retailer’s stock after selling 2,400 shares during the quarter. Global Assets Advisory LLC’s holdings in Ulta Beauty were worth $568,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty in the first quarter valued at $31,000. Rakuten Securities Inc. raised its position in Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 59 shares during the period. North Star Investment Management Corp. lifted its stake in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 40 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $36,000. Finally, NBC Securities Inc. bought a new position in shares of Ulta Beauty during the first quarter valued at approximately $37,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Loop Capital reissued a “hold” rating and set a $510.00 price target on shares of Ulta Beauty in a research note on Friday, July 25th. Piper Sandler started coverage on Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Saturday, September 27th. DA Davidson upped their price target on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $610.00 price objective on shares of Ulta Beauty in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $544.20.

Insiders Place Their Bets

In other news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was 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 in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Trading Down 0.2%

NASDAQ ULTA opened at $556.45 on Monday. The firm’s fifty day simple moving average is $523.68 and its two-hundred day simple moving average is $458.44. The firm has a market capitalization of $24.95 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.06 and a beta of 1.08. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $562.11.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted $5.30 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

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.