Fox Run Management L.L.C. Purchases Shares of 763 Ulta Beauty Inc. $ULTA

Fox Run Management L.L.C. acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 763 shares of the specialty retailer’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hemington Wealth Management lifted its holdings in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Ulta Beauty during the first quarter worth about $36,000. Costello Asset Management INC acquired a new stake in shares of Ulta Beauty during the first quarter worth approximately $37,000. Larson Financial Group LLC increased its holdings in shares of Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a research report on Thursday, September 25th. Telsey Advisory Group restated an “outperform” rating and set a $610.00 target price on shares of Ulta Beauty in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $550.38.

Insider Buying and Selling 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 shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Stock Up 2.4%

Shares of ULTA opened at $535.40 on Thursday. The stock’s fifty day simple moving average is $530.94 and its 200-day simple moving average is $491.15. The firm has a market capitalization of $24.01 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the business posted $5.30 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate 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.