484 Shares in Ulta Beauty Inc. $ULTA Purchased by Courier Capital LLC

Courier Capital LLC acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 484 shares of the specialty retailer’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also made changes to their positions in ULTA. Price T Rowe Associates Inc. MD boosted its position in shares of Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Ulta Beauty by 64.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Pacer Advisors Inc. raised its stake in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock valued at $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Ulta Beauty by 237.7% in the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after purchasing an additional 190,353 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $538.49 on Thursday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The company has a 50-day moving average of $529.84 and a 200-day moving average of $467.51. The company has a market cap of $24.15 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.98 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company posted $5.30 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated 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 sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ULTA shares. Piper Sandler started coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 target price for the company. Cowen reissued a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Morgan Stanley boosted their target price on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $400.00 to $425.00 and gave the company an “underweight” rating in a research note on Friday, August 29th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $549.33.

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.