Prairie Wealth Advisors Inc. Makes New Investment in Ulta Beauty Inc. $ULTA

Prairie Wealth Advisors Inc. bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 471 shares of the specialty retailer’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at $31,000. Hemington Wealth Management grew its stake in shares of 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 buying an additional 40 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at $36,000. Costello Asset Management INC purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at $37,000. Finally, Larson Financial Group LLC grew its stake in shares of Ulta Beauty by 178.4% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 66 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $506.07 on Thursday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The firm has a market capitalization of $22.69 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.86 and a beta of 1.08. The company’s fifty day moving average price is $531.45 and its two-hundred day moving average price is $480.61.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business posted $5.30 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Evercore ISI upped their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $650.00 to $653.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a research report on Thursday, September 25th. Finally, Wall Street Zen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $550.38.

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.