Lakewood Asset Management LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,047 shares of the specialty retailer’s stock, valued at approximately $1,176,000.
A number of other institutional investors have also recently bought and sold shares of ULTA. Vima LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty in the first quarter valued at approximately $30,000. Sound Income Strategies LLC boosted its holdings in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares during the period. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Finally, Manchester Capital Management LLC boosted its holdings 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 valued at $35,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.
Ulta Beauty Stock Performance
Shares of ULTA stock traded up $11.43 on Friday, hitting $377.23. The company’s stock had a trading volume of 2,942,803 shares, compared to its average volume of 860,072. The stock’s 50 day moving average is $375.23 and its 200-day moving average is $435.78. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market capitalization of $18.00 billion, a PE ratio of 14.71, a PEG ratio of 1.52 and a beta of 1.37.
Insider Activity at Ulta Beauty
In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was 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 $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the firm’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 owns 2,017 shares in the company, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, May 31st. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Jefferies Financial Group reduced their target price on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a report on Friday, May 24th. Stifel Nicolaus reduced their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Finally, The Goldman Sachs Group dropped their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $494.83.
Check Out Our Latest Report on ULTA
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.
Further Reading
- Five stocks we like better than Ulta Beauty
- Technology Stocks Explained: Here’s What to Know About Tech
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Investing In Preferred Stock vs. Common Stock
- MarketBeat Week in Review – 8/12 – 8/16
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report).
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.