AE Wealth Management LLC Purchases Shares of 608 Ulta Beauty Inc. $ULTA

AE Wealth Management LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 608 shares of the specialty retailer’s stock, valued at approximately $284,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its holdings in Ulta Beauty by 17.7% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 23 shares during the period. Chesley Taft & Associates LLC lifted its holdings in shares of Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management boosted its position in shares of Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares in the last quarter. Wambolt & Associates LLC increased its stake in Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock valued at $626,000 after acquiring an additional 26 shares during the last quarter. Finally, CX Institutional increased its stake in Ulta Beauty by 8.2% in the second quarter. CX Institutional now owns 424 shares of the specialty retailer’s stock valued at $198,000 after acquiring an additional 32 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $529.34 on Monday. 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 market capitalization of $23.74 billion, a P/E ratio of 20.30, a PEG ratio of 2.91 and a beta of 1.05. The stock has a 50 day moving average price of $531.31 and a two-hundred day moving average price of $493.84.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business earned $5.30 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research analyst reports. Morgan Stanley boosted their target price on Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Piper Sandler initiated coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $590.00 price objective for the company. Telsey Advisory Group reissued an “outperform” rating and issued a $610.00 price objective on shares of Ulta Beauty in a research note on Friday, October 17th. The Goldman Sachs Group boosted their target price on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, UBS Group increased their price target on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently 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.