Blair William & Co. IL Acquires 1,766 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Blair William & Co. IL lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,281 shares of the specialty retailer’s stock after purchasing an additional 1,766 shares during the period. Blair William & Co. IL owned 0.13% of Ulta Beauty worth $33,088,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Nvwm LLC lifted its holdings in Ulta Beauty by 2.1% during the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after acquiring an additional 23 shares during the last quarter. Nkcfo LLC increased its position in Ulta Beauty by 14.4% during the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock valued at $90,000 after purchasing an additional 23 shares during the period. Finally, Janiczek Wealth Management LLC raised its holdings in Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Raymond James dropped their price objective on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. Jefferies Financial Group decreased their target price on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Stifel Nicolaus dropped their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Finally, Piper Sandler cut their price target on Ulta Beauty from $498.00 to $494.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $502.61.

Ulta Beauty Trading Down 0.6 %

Ulta Beauty stock traded down $2.20 during trading on Friday, hitting $390.92. 892,291 shares of the company were exchanged, compared to its average volume of 808,575. The business’s 50 day moving average is $390.40 and its 200 day moving average is $454.53. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76. The company has a market capitalization of $18.65 billion, a P/E ratio of 15.33, a PEG ratio of 1.85 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $6.88 EPS. Equities analysts expect that Ulta Beauty, Inc. will post 25.7 EPS for the current year.

Insiders Place Their Bets

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

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.