Signaturefd LLC Decreases Stock Holdings in Ulta Beauty Inc. $ULTA

Signaturefd LLC decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493 shares of the specialty retailer’s stock after selling 176 shares during the quarter. Signaturefd LLC’s holdings in Ulta Beauty were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. ORG Partners LLC raised its position in Ulta Beauty by 17.7% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after buying an additional 23 shares during the last quarter. Chesley Taft & Associates LLC raised its position in Ulta Beauty by 3.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after buying an additional 24 shares during the last quarter. Wambolt & Associates LLC increased 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 valued at $626,000 after purchasing an additional 26 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 32.5% during the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. Finally, Procyon Advisors LLC increased its position in shares of Ulta Beauty by 4.3% during the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer’s stock valued at $259,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company’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 value of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Ulta Beauty Price Performance

ULTA stock opened at $557.82 on Friday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $559.41. The company has a market capitalization of $25.01 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 3.06 and a beta of 1.08. The business has a 50 day simple moving average of $522.85 and a two-hundred day simple moving average of $455.37.

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. 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 the consensus estimate of $2.66 billion. During the same period in the prior year, the company posted $5.30 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

ULTA has been the subject of several research reports. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $605.00 price target (up previously from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Robert W. Baird upped their price target on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays upped their price target on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Evercore ISI upped their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $544.20.

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.