6,969 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the first quarter, Holdings Channel.com reports. The fund bought 6,969 shares of the specialty retailer’s stock, valued at approximately $3,644,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $25,000. Vima LLC bought a new stake in Ulta Beauty in the fourth quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of Ulta Beauty during the 1st quarter valued at about $30,000. Finally, Sound Income Strategies LLC boosted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Raymond James cut their price objective on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. Canaccord Genuity Group decreased their target price on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. BMO Capital Markets cut their target price on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $502.61.

Ulta Beauty Stock Down 1.8 %

Shares of NASDAQ:ULTA traded down $7.35 during trading on Thursday, reaching $393.12. 786,023 shares of the company traded hands, compared to its average volume of 807,929. The firm has a fifty day simple moving average of $390.47 and a 200 day simple moving average of $454.96. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The firm has a market cap of $18.76 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the firm earned $6.88 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 25.7 EPS for the current year.

Insider Activity

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

About Ulta Beauty

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.