Westerkirk Capital Inc. Purchases Shares of 3,439 Ulta Beauty Inc. $ULTA

Westerkirk Capital Inc. acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,439 shares of the specialty retailer’s stock, valued at approximately $1,609,000.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after acquiring an additional 21 shares during the period. ORG Partners LLC raised its holdings in Ulta Beauty by 17.7% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 23 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Ulta Beauty by 3.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management lifted its position 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 purchasing an additional 24 shares during the period. Finally, Richard W. Paul & Associates LLC boosted its stake in shares of Ulta Beauty by 0.8% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 24 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on shares of Ulta Beauty from $650.00 to $653.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. DA Davidson set a $606.00 target price on Ulta Beauty in a report on Monday. Oppenheimer raised their target price on Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Wells Fargo & Company upped their price target on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Finally, Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $549.83.

Ulta Beauty Trading Up 1.6%

Shares of NASDAQ:ULTA opened at $547.64 on Tuesday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.57 and a beta of 0.87. The stock has a fifty day simple moving average of $530.92 and a two-hundred day simple moving average of $503.19.

Insider Activity

In related news, Director Mike C. Smith sold 500 shares of the company’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 in the company, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

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.