Belfer Management LLC bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 433 shares of the specialty retailer’s stock, valued at approximately $202,000. Ulta Beauty comprises approximately 3.1% of Belfer Management LLC’s holdings, making the stock its 15th biggest holding.
A number of other large investors also recently bought and sold shares of the stock. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $31,000. Rakuten Securities Inc. lifted its position in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 59 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 40 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Ulta Beauty during the first quarter worth about $36,000. Finally, NBC Securities Inc. acquired a new stake in shares of Ulta Beauty during the first quarter worth about $37,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Bank of America increased their price target 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. Jefferies Financial Group increased their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Citigroup increased their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Morgan Stanley upped their target price on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $610.00 target price on shares of Ulta Beauty in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.33.
Insider Buying and Selling
In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on 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 in the company, valued at $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 available at this hyperlink. 0.17% of the stock is owned by corporate insiders.
Ulta Beauty Stock Down 2.1%
Shares of Ulta Beauty stock opened at $549.28 on Friday. The firm has a market capitalization of $24.63 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.09 and a beta of 1.08. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The firm’s 50 day moving average is $528.22 and its two-hundred day moving average is $463.92.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.30 earnings per share. As a group, research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.
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.
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