Ameritas Advisory Services LLC Decreases Stock Holdings in Ulta Beauty Inc. $ULTA

Ameritas Advisory Services LLC reduced its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 8.4% in the second quarter, HoldingsChannel.com reports. The firm owned 1,280 shares of the specialty retailer’s stock after selling 117 shares during the period. Ameritas Advisory Services LLC’s holdings in Ulta Beauty were worth $599,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mattern Capital Management LLC raised its position in Ulta Beauty by 8.5% during the 2nd quarter. Mattern Capital Management LLC now owns 2,199 shares of the specialty retailer’s stock valued at $1,029,000 after purchasing an additional 172 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ulta Beauty by 1.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,198 shares of the specialty retailer’s stock worth $2,900,000 after acquiring an additional 106 shares during the period. J. Safra Sarasin Holding AG increased its position in Ulta Beauty by 167.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 2,828 shares during the period. AMI Asset Management Corp raised its holdings in Ulta Beauty by 20.4% in the 2nd quarter. AMI Asset Management Corp now owns 111,337 shares of the specialty retailer’s stock worth $52,086,000 after purchasing an additional 18,865 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Ulta Beauty by 112.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 89,722 shares of the specialty retailer’s stock worth $41,974,000 after purchasing an additional 47,486 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler assumed coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $590.00 price target on the stock. UBS Group upped their target price on Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. 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. Finally, Canaccord Genuity Group set a $650.00 price objective on Ulta Beauty in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $544.20.

Ulta Beauty Price Performance

Shares of ULTA opened at $556.45 on Monday. The firm has a market capitalization of $24.95 billion, a P/E ratio of 21.34, a PEG ratio of 3.06 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $562.11. The business has a fifty day moving average of $523.68 and a 200 day moving average of $458.44.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) 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 business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted $5.30 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Ulta Beauty 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 approximately $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty 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.