Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by GM Advisory Group LLC

GM Advisory Group LLC grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 35.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,483 shares of the specialty retailer's stock after acquiring an additional 1,973 shares during the quarter. GM Advisory Group LLC's holdings in Ulta Beauty were worth $2,887,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ULTA. Choreo LLC raised its stake in shares of Ulta Beauty by 71.7% in the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock valued at $1,103,000 after acquiring an additional 1,198 shares during the period. 1832 Asset Management L.P. increased its holdings in Ulta Beauty by 120.2% in the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer's stock valued at $7,079,000 after purchasing an additional 7,887 shares during the last quarter. Duality Advisers LP raised its position in Ulta Beauty by 92.8% in the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer's stock valued at $3,806,000 after purchasing an additional 3,504 shares during the period. Broad Bay Capital Management LP acquired a new position in Ulta Beauty during the fourth quarter worth $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock worth $46,954,000 after buying an additional 8,337 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of ULTA traded down $1.28 during mid-day trading on Friday, reaching $402.01. 1,444,013 shares of the company's stock were exchanged, compared to its average volume of 942,858. The business's fifty day simple moving average is $368.23 and its 200-day simple moving average is $409.95. The stock has a market capitalization of $18.94 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.61 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The company's revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the business's stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares of the company's stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jodi J. Caro sold 650 shares of the firm's stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the business's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ULTA shares. DA Davidson lowered their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Stifel Nicolaus reduced their price objective on Ulta Beauty from $475.00 to $385.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. The Goldman Sachs Group lowered their target price on Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. Wells Fargo & Company reduced their price target on Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI decreased their price objective on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $425.29.

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.