Ulta Beauty Inc. $ULTA Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 70.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,466 shares of the specialty retailer’s stock after acquiring an additional 1,841 shares during the period. Wealthfront Advisers LLC’s holdings in Ulta Beauty were worth $2,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wayfinding Financial LLC purchased a new position in shares of Ulta Beauty during the first quarter worth $31,000. Hemington Wealth Management grew its position in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Ulta Beauty during the 1st quarter valued at about $36,000. Costello Asset Management INC purchased a new position in shares of Ulta Beauty during the 1st quarter valued at about $37,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Ulta Beauty by 178.4% in the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $509.66 on Friday. The stock has a market capitalization of $22.85 billion, a PE ratio of 19.54, a P/E/G ratio of 2.78 and a beta of 1.08. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The company has a fifty day moving average of $531.24 and a two-hundred day moving average of $480.81.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (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 for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $5.30 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several analyst reports. Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. UBS Group raised their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. The Goldman Sachs Group lifted their target price on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price for the company in a research note on Thursday, September 25th. 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 investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $550.38.

Insider Buying and Selling

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 completion of the sale, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

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.