waypoint wealth counsel Buys New Shares in Ulta Beauty Inc. $ULTA

waypoint wealth counsel bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, HoldingsChannel reports. The firm bought 525 shares of the specialty retailer’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ULTA. Park Avenue Securities LLC lifted its holdings in Ulta Beauty by 15.8% in the first quarter. Park Avenue Securities LLC now owns 1,564 shares of the specialty retailer’s stock valued at $573,000 after buying an additional 213 shares during the period. Farther Finance Advisors LLC increased its stake in Ulta Beauty by 128.9% in the first quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 415 shares in the last quarter. GAMMA Investing LLC increased its stake in Ulta Beauty by 6.0% in the first quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 69 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Ulta Beauty by 62.2% in the first quarter. Simon Quick Advisors LLC now owns 756 shares of the specialty retailer’s stock valued at $277,000 after purchasing an additional 290 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in Ulta Beauty by 12.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,962 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Loop Capital reaffirmed a “hold” rating and issued a $510.00 price target on shares of Ulta Beauty in a research note on Friday, July 25th. Evercore ISI lifted their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Wells Fargo & Company lifted their price target 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. Wall Street Zen downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $549.33.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $549.28 on Monday. The firm has a 50-day moving average of $528.22 and a 200-day moving average of $465.22. The company has a market cap of $24.63 billion, a PE ratio of 21.06, a PEG ratio of 3.02 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (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 business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm posted $5.30 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’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 directly owned 2,263 shares in the company, valued at $1,195,837.09. The trade was 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 available through the SEC website. 0.39% of the stock is currently owned by 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.