Angeles Wealth Management LLC Invests $377,000 in Ulta Beauty Inc. $ULTA

Angeles Wealth Management LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, Holdings Channel reports. The firm bought 805 shares of the specialty retailer’s stock, valued at approximately $377,000.

Several other large investors also recently bought and sold shares of ULTA. Wayfinding Financial LLC acquired a new stake in Ulta Beauty in the first quarter valued at approximately $31,000. Hemington Wealth Management grew its position in Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Ulta Beauty in the first quarter valued at approximately $36,000. Costello Asset Management INC acquired a new stake in Ulta Beauty in the first quarter valued at approximately $37,000. Finally, Larson Financial Group LLC grew its position in Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In related 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 transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ULTA. Loop Capital reaffirmed a “hold” rating and issued a $510.00 price objective on shares of Ulta Beauty in a research report on Friday, July 25th. Morgan Stanley increased their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. DA Davidson increased their price objective on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Oppenheimer increased their target price on Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, Evercore ISI increased their target price on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Trading Down 0.7%

Ulta Beauty stock opened at $533.51 on Friday. The stock has a market cap of $23.92 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08. The stock has a 50 day moving average of $531.17 and a 200-day moving average of $469.79. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business posted $5.30 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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.