Ulta Beauty Inc. $ULTA Shares Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,530 shares of the specialty retailer’s stock after acquiring an additional 1,085 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Ulta Beauty were worth $9,137,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Natixis Advisors LLC raised its stake in Ulta Beauty by 13.8% during the first quarter. Natixis Advisors LLC now owns 27,119 shares of the specialty retailer’s stock worth $9,940,000 after purchasing an additional 3,297 shares during the period. Costello Asset Management INC purchased a new position in shares of Ulta Beauty in the 1st quarter worth $37,000. Nicholas Hoffman & Company LLC. boosted its holdings in Ulta Beauty by 33.2% in the first quarter. Nicholas Hoffman & Company LLC. now owns 2,005 shares of the specialty retailer’s stock valued at $735,000 after acquiring an additional 500 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Ulta Beauty by 5.0% during the first quarter. Citizens Financial Group Inc. RI now owns 2,219 shares of the specialty retailer’s stock valued at $813,000 after acquiring an additional 105 shares during the period. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Ulta Beauty during the first quarter worth about $983,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated 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 owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ULTA has been the topic of several research analyst reports. Evercore ISI lifted their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Bank of America increased their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Cowen reissued a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. Finally, Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a research report on Thursday, September 25th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $549.83.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $548.05 on Wednesday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.62 and a beta of 0.87. The firm’s fifty day moving average price is $531.39 and its 200 day moving average price is $504.15.

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.