Inceptionr LLC Makes New $849,000 Investment in Ulta Beauty Inc. $ULTA

Inceptionr LLC acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,815 shares of the specialty retailer’s stock, valued at approximately $849,000.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC grew its holdings in Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after buying an additional 23 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management grew its stake in shares of Ulta Beauty by 6.8% in the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares in the last quarter. Richard W. Paul & Associates LLC grew its stake in shares of Ulta Beauty by 0.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after acquiring an additional 24 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Ulta Beauty by 0.3% in the second quarter. DNB Asset Management AS now owns 9,411 shares of the specialty retailer’s stock valued at $4,403,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ULTA shares. UBS Group upped their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Citigroup increased their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. The Goldman Sachs Group boosted their price objective on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Morgan Stanley upped their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Ulta Beauty Trading Up 2.7%

Ulta Beauty stock opened at $535.16 on Thursday. The business’s 50 day simple moving average is $529.94 and its 200 day simple moving average is $499.85. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.45 and a beta of 1.05.

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

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.