Range Financial Group LLC Invests $951,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Range Financial Group LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,389 shares of the specialty retailer’s stock, valued at approximately $951,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Parkside Financial Bank & Trust boosted its stake in shares of Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Bank of New Hampshire bought a new position in Ulta Beauty in the 1st quarter valued at approximately $29,000. WD Rutherford LLC grew its holdings in Ulta Beauty by 100.0% during the 1st quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Ulta Beauty during the 1st quarter worth approximately $37,000. Finally, Herold Advisors Inc. acquired a new position in Ulta Beauty in the 1st quarter valued at approximately $40,000. Institutional investors own 89.20% of the company’s stock.

Ulta Beauty Trading Down 3.6 %

Ulta Beauty stock opened at $430.06 on Wednesday. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The firm’s fifty day moving average price is $402.60 and its two-hundred day moving average price is $396.42. Ulta Beauty, Inc. has a 1-year low of $330.80 and a 1-year high of $451.30.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.70. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.56 earnings per share. On average, research analysts forecast that Ulta Beauty, Inc. will post 21.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ulta Beauty from $548.00 to $563.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. StockNews.com upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 5th. Robert W. Baird raised their price objective on Ulta Beauty from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. William Blair started coverage on Ulta Beauty in a report on Friday, August 26th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus increased their target price on shares of Ulta Beauty from $435.00 to $450.00 and gave the company a “hold” rating in a research report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $478.70.

Insider Buying and Selling at Ulta Beauty

In related news, insider Anita Jane Ryan sold 594 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the sale, the insider now owns 2,482 shares in the company, valued at $1,093,395.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Catherine Ann Halligan sold 276 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $445.86, for a total value of $123,057.36. Following the transaction, the director now owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anita Jane Ryan sold 594 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the sale, the insider now owns 2,482 shares in the company, valued at approximately $1,093,395.46. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Ulta Beauty Company Profile

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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