Ulta Beauty Inc. $ULTA Stake Lessened by HBW Advisory Services LLC

HBW Advisory Services LLC cut its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,217 shares of the specialty retailer’s stock after selling 991 shares during the period. HBW Advisory Services LLC’s holdings in Ulta Beauty were worth $2,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ulta Beauty by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock valued at $2,190,000 after acquiring an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Ulta Beauty by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock valued at $435,000 after acquiring an additional 152 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $201,000. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after acquiring an additional 415 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $250,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $514.62 on Friday. The company has a 50 day moving average price of $509.07 and a 200 day moving average price of $437.35. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $539.00. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 2.87 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping 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 analyst estimates of $2.66 billion. During the same quarter last year, the business posted $5.30 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Loop Capital reiterated a “hold” rating and issued a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. Canaccord Genuity Group set a $650.00 price objective on shares of Ulta Beauty in a report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Piper Sandler assumed coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $590.00 target price for the company. Finally, Bank of America increased their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $543.13.

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.