Savant Capital LLC Acquires 11,162 Shares of Ulta Beauty Inc. $ULTA

Savant Capital LLC grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 226.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,093 shares of the specialty retailer’s stock after acquiring an additional 11,162 shares during the period. Savant Capital LLC’s holdings in Ulta Beauty were worth $7,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management increased its stake 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 during the period. Ransom Advisory Ltd bought a new position in Ulta Beauty during the first quarter worth about $36,000. Costello Asset Management INC bought a new position in Ulta Beauty during the first quarter worth about $37,000. Larson Financial Group LLC boosted its holdings in Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at approximately $52,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $517.79 on Friday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The stock has a market capitalization of $23.22 billion, a PE ratio of 19.85, a PEG ratio of 2.80 and a beta of 1.05. The stock’s fifty day moving average is $530.57 and its 200-day moving average is $487.40.

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

Analyst Ratings Changes

ULTA has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Piper Sandler initiated coverage on Ulta Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. DA Davidson boosted their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Company 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.