Allworth Financial LP Buys 164 Shares of Ulta Beauty Inc. $ULTA

Allworth Financial LP raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 64.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 418 shares of the specialty retailer’s stock after purchasing an additional 164 shares during the quarter. Allworth Financial LP’s holdings in Ulta Beauty were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Price T Rowe Associates Inc. MD raised its position in shares of Ulta Beauty by 128.2% during 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 in the last quarter. JPMorgan Chase & Co. increased its stake in 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. T. Rowe Price Investment Management Inc. raised its position in Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Ulta Beauty by 5,117.0% during the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Ulta Beauty by 237.7% during the first quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after purchasing an additional 190,353 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.4%

Shares of ULTA stock opened at $507.37 on Wednesday. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.80 and a beta of 1.05. The stock has a fifty day moving average of $530.98 and a 200 day moving average of $495.44. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm earned $5.30 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a report on Friday, October 10th. Barclays upped their target price on Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Wall Street Zen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, DA Davidson increased their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $550.38.

Insider Transactions at Ulta Beauty

In related 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by 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.