Campbell & CO Investment Adviser LLC Purchases Shares of 750 Ulta Beauty Inc. $ULTA

Campbell & CO Investment Adviser LLC bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 750 shares of the specialty retailer’s stock, valued at approximately $351,000.

Other large investors have also made changes to their positions in the company. Hemington Wealth Management lifted its holdings in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Ulta Beauty during the first quarter worth $36,000. Costello Asset Management INC bought a new position in Ulta Beauty during the 1st quarter valued at about $37,000. Larson Financial Group LLC raised its holdings in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares during the period. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Ulta Beauty in the second quarter worth $52,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $529.34 on Monday. The stock has a market capitalization of $23.74 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. The business has a 50 day simple moving average of $531.31 and a 200-day simple moving average of $493.84. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its 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. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $5.30 EPS. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ULTA shares. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price for the company in a report on Thursday, September 25th. Piper Sandler assumed coverage on Ulta Beauty in a report on Thursday, September 4th. They set an “overweight” rating and a $590.00 price objective for the company. Bank of America lifted their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Citigroup boosted their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the firm’s 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 approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is currently owned by company insiders.

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.