Great Lakes Advisors LLC cut its position in Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating) by 78.2% in the first quarter, according to its latest disclosure to the SEC. The company owned his 4,453 shares of specialty retailer stock after selling his 16,006 shares during the period. Great Lakes Advisors LLC’s Ulta Beauty holdings were valued at $1,773,000 as of the latest filing with the SEC.
A number of other hedge funds have also recently increased or decreased their stakes in the company. North Star Investment Management Corp. bought a new stake in his Ulta Beauty worth about $27,000 in the fourth quarter. The Bank of New Hampshire bought new shares in his Ulta Beauty worth about $29,000 in the first quarter. Benjamin Edwards Inc. bought new shares in his Ulta Beauty worth approximately $37,000 in the first quarter. MCF Advisors LLC purchased approximately $41,000 worth of new Ulta Beauty shares in the first quarter. Finally, O Dell Group LLC boosted his Ulta Beauty stock position by 2,000.0% in the first quarter. O Dell Group LLC owns 105 shares of the specialty retailer worth $42,000 after purchasing another 100 shares in the previous quarter. Institutional investors and hedge funds own 89.20% of the company’s shares.
Analyst sets new price target
Several research analysts recently published reports on ULTA stock. Raymond James raised Ulta Beauty from an “excellent” rating to a “strong buy” rating and raised the company’s price target from his $475.00 to his $485.00 in a research report on Wednesday, June 29. Piper Sandler raised his price target on Ulta Beauty from $465.00 to her $485.00 in a report on Friday, May 27, giving the stock an “overweight” rating. Credit Suisse Group raised her Ulta Beauty price target from $475.00 to $485.00, giving it an “outperform” rating in its Wednesday, June 15 report. Citigroup raised its price target on Ulta Beauty from $393.00 to $425.00 in its Tuesday, May 31 report, giving the stock a Neutral rating. Finally, StockNews.com upped her Ulta Beauty rating from “hold” to “buy” in her Tuesday, Aug. 2 report. Seven analysts rated stocks with their own ratings, 15 issued buy ratings, and one assigned a strong buy rating to company stocks. Based on MarketBeat data, the stock currently has an average rating of ‘moderate buy’ with a consensus target price of $460.05.
Ulta Beauty Stock Up 1.5 %
Shares of Ulta Beauty opened at $377.80 on Monday. Ulta Beauty, Inc. has a 52-week low of $330.80 and a 52-week high of $438.63. The business has a 50-day simple moving average of $396.53 and a 200-day simple moving average of $387.76. The stock has a market cap of $19.58 billion, a price/earnings ratio of 18.69, a PEG ratio of 1.77 and a beta of 1.45.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last released its quarterly earnings data on Thursday, May 26. The specialty retailer posted her earnings per share (EPS) of $6.30 for the quarter, beating analysts’ consensus forecast of $4.44 for him by $1.86. Ulta Beauty had a return on equity of 60.83% and a net profit margin of 12.03%. The company posted revenue of $2.35 billion for the quarter, compared with analyst estimates of $2.12 billion. During the same period last year, the business earned his EPS of $4.10. The company’s revenue for the quarter increased by 21.0% compared to the same quarter last year. On average, research analysts expect Ulta Beauty, Inc. to earn his earnings per share of 20.07 this year.
Insider trading at Ulta Beauty
In other news, director George R. Mrkonic, Jr. sold 476 shares of the company in a transaction on Monday, June 13th. The shares sold at an average price of $391.84, giving him a total of $186,515.84. Following the closing of the sale, the directors now own 2,393 shares of the company’s stock valued at approximately $937,673.12. The transaction was disclosed in his SEC filings available at this hyperlink. In other news, director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in his Monday, June 13 transaction. The shares sold at an average price of $391.84, giving him a total of $186,515.84. Following the closing of the sale, the directors now own 2,393 shares of the company’s stock valued at approximately $937,673.12. The transaction was disclosed in SEC filings available at this hyperlink. His CFO, Scott M. Settersten, also sold 32,532 shares of the company in a transaction on Thursday, June 9. The shares were sold at an average price of $426.63, giving him a total of $13,879,127.16. Following the closing of the sale, the Chief Financial Officer now directly owns 14,037 shares of the Company’s stock valued at approximately $5,988,605.31. Please see here for the disclosure of this sale. In the past three months, insiders say he sold 46,207 shares of company stock worth $19,411,502. His 2.00% of the shares are now owned by corporate insiders.
Ulta Beauty Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The Company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools. professional hair products; salon services, including hair, skin, makeup and brow services; and nail service.
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