Catalyst Funds Management Pty Ltd Makes New $468,000 Investment in Ulta Beauty Inc. $ULTA

Catalyst Funds Management Pty Ltd bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, Holdings Channel reports. The fund bought 1,000 shares of the specialty retailer’s stock, valued at approximately $468,000.

Other hedge funds have also recently modified their holdings of the company. Choreo LLC raised its stake in Ulta Beauty by 5.9% in the first quarter. Choreo LLC now owns 2,668 shares of the specialty retailer’s stock worth $978,000 after buying an additional 148 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Ulta Beauty in the 1st quarter valued at $325,000. Tempus Wealth Planning LLC raised its position in shares of Ulta Beauty by 11.7% in the 1st quarter. Tempus Wealth Planning LLC now owns 1,254 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 131 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Ulta Beauty by 76.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,735 shares of the specialty retailer’s stock worth $1,002,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Ulta Beauty by 3.0% during the first quarter. Cetera Investment Advisers now owns 11,772 shares of the specialty retailer’s stock valued at $4,315,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, Director Mike C. Smith sold 500 shares of Ulta Beauty 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 completion of the sale, the director owned 2,263 shares of the company’s stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Ulta Beauty Trading Up 3.9%

NASDAQ ULTA opened at $515.58 on Friday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The company has a fifty day simple moving average of $530.13 and a two-hundred day simple moving average of $496.31. The stock has a market cap of $23.12 billion, a P/E ratio of 19.77, a P/E/G ratio of 3.29 and a beta of 1.05.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.30 EPS. As a group, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the topic of several analyst reports. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price on the stock in a research note on Thursday, September 25th. Barclays raised their price target on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. UBS Group increased their target price on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, DA Davidson lifted their price target on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.