533 Shares in Ulta Beauty Inc. $ULTA Purchased by Advisory Alpha LLC

Advisory Alpha LLC acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 533 shares of the specialty retailer’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its position in Ulta Beauty by 17.7% in the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 23 shares during the period. Chesley Taft & Associates LLC increased its position in Ulta Beauty by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management grew its position in shares of Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after buying an additional 24 shares during the period. Wambolt & Associates LLC grew its position in shares of Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after buying an additional 26 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in shares of Ulta Beauty by 2.2% during the 1st quarter. Ameritas Advisory Services LLC now owns 1,397 shares of the specialty retailer’s stock worth $512,000 after buying an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.7%

NASDAQ:ULTA opened at $509.66 on Friday. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23. The stock’s 50 day moving average price is $531.24 and its two-hundred day moving average price is $480.81.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.30 EPS. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the topic of several research reports. Raymond James Financial restated an “outperform” rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Oppenheimer boosted 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. Cowen restated a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and issued a $610.00 target price on shares of Ulta Beauty in a research note on Friday, October 17th. Finally, Bank of America boosted their target price on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $550.38.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’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 of the company’s stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by company insiders.

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.