Chicago Partners Investment Group LLC Has $624,000 Stock Holdings in Ulta Beauty Inc. $ULTA

Chicago Partners Investment Group LLC increased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 57.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,227 shares of the specialty retailer’s stock after buying an additional 446 shares during the period. Chicago Partners Investment Group LLC’s holdings in Ulta Beauty were worth $624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management lifted its position in shares of 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 purchasing an additional 40 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Ulta Beauty in the 1st quarter worth approximately $31,000. Ransom Advisory Ltd acquired a new position in shares of Ulta Beauty in the 1st quarter worth approximately $36,000. Costello Asset Management INC acquired a new position in shares of Ulta Beauty in the 1st quarter worth approximately $37,000. Finally, Larson Financial Group LLC lifted its position in shares of Ulta Beauty by 178.4% in the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ULTA. Bank of America boosted their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Barclays boosted their price target on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research note on Thursday, September 25th. Canaccord Genuity Group lifted their price objective on shares of Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Trading Up 0.4%

ULTA opened at $525.92 on Wednesday. The company’s fifty day moving average price is $531.87 and its two-hundred day moving average price is $472.64. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The company has a market cap of $23.58 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.88 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the company earned $5.30 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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.