180 Wealth Advisors LLC Makes New Investment in Ulta Beauty Inc. $ULTA

180 Wealth Advisors LLC bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 480 shares of the specialty retailer’s stock, valued at approximately $225,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Ulta Beauty by 128.2% during the first 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 purchasing an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 during the period. JPMorgan Chase & Co. increased its holdings in shares of Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the period. Invesco Ltd. increased its holdings in shares of Ulta Beauty by 10.9% during the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after purchasing an additional 79,666 shares during the period. Finally, Swedbank AB increased its holdings in shares of Ulta Beauty by 17.4% during the second quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock valued at $254,985,000 after purchasing an additional 80,734 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.3%

Shares of ULTA stock opened at $517.66 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The stock has a market capitalization of $23.21 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.85 and a beta of 1.08. The stock has a 50-day simple moving average of $531.50 and a 200 day simple moving average of $476.54.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the company posted $5.30 EPS. Ulta Beauty’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction on 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 in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ULTA shares. Jefferies Financial Group raised their price target on Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a report on Friday. Raymond James Financial reissued an “outperform” rating and set a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $550.38.

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.