1,000 Shares in Ulta Beauty Inc. $ULTA Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,000 shares of the specialty retailer’s stock, valued at approximately $467,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock worth $2,190,000 after purchasing an additional 924 shares in the last quarter. Ascent Group LLC purchased a new stake in Ulta Beauty in the second quarter valued at about $395,000. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty in the first quarter worth about $201,000. Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $306,000. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of Ulta Beauty by 167.8% during the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after acquiring an additional 2,828 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This trade 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 is available at this hyperlink. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore ISI lifted their target price on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. 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 report on Thursday, September 25th. Wall Street Zen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wells Fargo & Company raised their target price on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Finally, Piper Sandler assumed coverage on Ulta Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $590.00 price target for the company. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $525.92 on Wednesday. The company’s fifty day moving average price is $531.87 and its 200-day moving average price is $472.64. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The firm has a market capitalization of $23.58 billion, a P/E ratio of 20.17, a PEG ratio of 2.88 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted 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 company earned $5.30 earnings per share. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

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.