Wedmont Private Capital Sells 144 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Wedmont Private Capital decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 849 shares of the specialty retailer’s stock after selling 144 shares during the quarter. Wedmont Private Capital’s holdings in Ulta Beauty were worth $351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ULTA. Vima LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $27,000. Riverview Trust Co purchased a new position in shares of Ulta Beauty during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC boosted its position in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. LRI Investments LLC purchased a new stake in Ulta Beauty in the first quarter worth $31,000. Finally, Manchester Capital Management LLC increased its stake in shares of Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the company’s 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 sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty 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 transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Up 3.4 %

Ulta Beauty stock traded up $11.01 during mid-day trading on Tuesday, reaching $331.56. 1,015,281 shares of the company’s stock traded hands, compared to its average volume of 822,664. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a 50 day moving average of $378.03 and a two-hundred day moving average of $439.08. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.49 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.88 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 25.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup cut their price objective on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. TD Cowen reduced their target price on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, May 31st. Barclays decreased their price target on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Wells Fargo & Company dropped their price objective on Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Oppenheimer decreased their target price on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $494.83.

About Ulta Beauty

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.