Los Angeles Capital Management LLC Has $7.88 Million Holdings in Ulta Beauty Inc. $ULTA

Los Angeles Capital Management LLC raised its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 1,980.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,850 shares of the specialty retailer’s stock after buying an additional 16,040 shares during the period. Los Angeles Capital Management LLC’s holdings in Ulta Beauty were worth $7,883,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ULTA. Concurrent Investment Advisors LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $201,000. Envestnet Asset Management Inc. boosted its position in shares of Ulta Beauty by 2.3% during the first quarter. Envestnet Asset Management Inc. now owns 50,987 shares of the specialty retailer’s stock worth $18,689,000 after purchasing an additional 1,149 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Ulta Beauty by 18.7% in the 1st quarter. Allworth Financial LP now owns 254 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 40 shares during the period. Alps Advisors Inc. bought a new stake in shares of Ulta Beauty in the first quarter worth about $370,000. Finally, Cerity Partners LLC grew its position in shares of Ulta Beauty by 31.2% in the 1st quarter. Cerity Partners LLC now owns 9,340 shares of the specialty retailer’s stock valued at $3,424,000 after purchasing an additional 2,222 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. Bank of America raised their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Piper Sandler assumed coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price objective on the stock. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price for the company in a research note on Thursday, September 25th. Canaccord Genuity Group lifted their price target on Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Oppenheimer upped their price objective on Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Insider Transactions at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Ulta Beauty Trading Up 1.6%

Ulta Beauty stock opened at $517.79 on Monday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The company has a fifty day simple moving average of $530.57 and a 200 day simple moving average of $488.94. The company has a market cap of $23.22 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

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