Westerkirk Capital Inc. Buys Shares of 3,439 Ulta Beauty Inc. $ULTA

Westerkirk Capital Inc. purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,439 shares of the specialty retailer’s stock, valued at approximately $1,609,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management increased its holdings in Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $35,000. Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty in the first quarter worth approximately $36,000. Costello Asset Management INC purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $37,000. Finally, MTM Investment Management LLC purchased a new position in shares of Ulta Beauty during the second quarter valued at approximately $47,000. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Up 1.6%

NASDAQ ULTA opened at $547.64 on Tuesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The company has a market capitalization of $24.56 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.87. The stock’s 50-day moving average price is $530.92 and its 200-day moving average price is $503.19.

Analysts Set New Price Targets

Several brokerages recently issued reports on ULTA. DA Davidson set a $606.00 target price on shares of Ulta Beauty in a report on Monday. UBS Group raised their price target on Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research report on Thursday, September 25th. Canaccord Genuity Group increased their target price on Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Barclays boosted their price target on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $549.83.

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.