Ulta Beauty Inc. $ULTA Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 125.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,060 shares of the specialty retailer’s stock after purchasing an additional 1,701 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Ulta Beauty were worth $1,432,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hemington Wealth Management lifted its holdings in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 40 shares during the period. Ransom Advisory Ltd bought a new position in shares of Ulta Beauty in the first quarter valued at $36,000. Costello Asset Management INC bought a new stake in shares of Ulta Beauty during the 1st quarter worth $37,000. MTM Investment Management LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $47,000. Finally, Mid American Wealth Advisory Group Inc. bought a new position in shares of Ulta Beauty during the 2nd quarter valued at $52,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ULTA. DA Davidson raised their target price on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Oppenheimer upped their target price on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Piper Sandler initiated coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price target for the company. Finally, UBS Group upped their price target on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Up 2.7%

Ulta Beauty stock opened at $535.16 on Thursday. The stock has a market cap of $24.00 billion, a PE ratio of 20.52, a P/E/G ratio of 3.45 and a beta of 1.05. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The business’s 50-day moving average price is $529.94 and its two-hundred day moving average price is $499.85.

Ulta Beauty (NASDAQ:ULTA) last issued its 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. The firm 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 company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $5.30 earnings per share. As a group, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction 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 completion of the sale, the director owned 2,263 shares in the company, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by company insiders.

Ulta Beauty 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.