SYM FINANCIAL Corp Makes New Investment in Ulta Beauty Inc. $ULTA

SYM FINANCIAL Corp purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 751 shares of the specialty retailer’s stock, valued at approximately $351,000.

Several other institutional investors have also added to or reduced their stakes in ULTA. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty in the first quarter worth $31,000. Hemington Wealth Management increased its stake in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Ulta Beauty in the first quarter worth $36,000. Costello Asset Management INC purchased a new stake in shares of Ulta Beauty in the first quarter worth $37,000. Finally, Larson Financial Group LLC increased its stake in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 66 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $522.82 on Tuesday. The firm has a fifty day moving average price of $531.62 and a 200 day moving average price of $478.45. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.85 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last released 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 net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $5.30 earnings per share. Ulta Beauty’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ULTA shares. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Oppenheimer increased their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Wall Street Zen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $550.38.

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.