Motley Fool Asset Management LLC Purchases 45 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Motley Fool Asset Management LLC lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 949 shares of the specialty retailer’s stock after buying an additional 45 shares during the period. Motley Fool Asset Management LLC’s holdings in Ulta Beauty were worth $496,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nvwm LLC increased its position in Ulta Beauty by 2.1% during the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after acquiring an additional 21 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 21 shares during the period. Pinnacle Associates Ltd. increased its stake in Ulta Beauty by 0.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 23 shares in the last quarter. Nkcfo LLC lifted its holdings in Ulta Beauty by 14.4% in the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 23 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ULTA shares. Barclays cut their price objective on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a research report on Friday, June 28th. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. Citigroup dropped their price objective on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Raymond James decreased their target price on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, Oppenheimer dropped their price target on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $502.61.

Ulta Beauty Stock Down 2.3 %

NASDAQ:ULTA traded down $9.23 during midday trading on Wednesday, hitting $400.47. The stock had a trading volume of 730,733 shares, compared to its average volume of 808,088. The stock has a 50-day moving average of $390.24 and a 200 day moving average of $455.35. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.72 and a beta of 1.37. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, topping the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business earned $6.88 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate 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.