Kingsview Wealth Management LLC Has $1.48 Million Holdings in Ulta Beauty Inc. $ULTA

Kingsview Wealth Management LLC lessened its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,154 shares of the specialty retailer’s stock after selling 116 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Ulta Beauty were worth $1,476,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after buying an additional 688,267 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ulta Beauty by 64.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after acquiring an additional 366,147 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after acquiring an additional 410,900 shares during the last quarter. Invesco Ltd. increased its position in shares of Ulta Beauty by 10.9% in the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after acquiring an additional 79,666 shares during the last quarter. Finally, Swedbank AB raised its holdings in Ulta Beauty by 17.4% during the second quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock worth $254,985,000 after acquiring an additional 80,734 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $497.41 on Thursday. The business has a fifty day simple moving average of $530.62 and a two-hundred day simple moving average of $495.46. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 3.36 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research note on Friday, August 29th. UBS Group increased their price objective on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a report on Friday, August 29th. Citigroup raised their target price on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. DA Davidson boosted their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.