Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 695 shares of the specialty retailer’s stock after buying an additional 33 shares during the period. AdvisorNet Financial Inc’s holdings in Ulta Beauty were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ULTA. Cerity Partners LLC boosted its position in shares of Ulta Beauty by 80.9% during the 4th quarter. Cerity Partners LLC now owns 1,523 shares of the specialty retailer’s stock worth $746,000 after purchasing an additional 681 shares during the period. NewEdge Wealth LLC acquired a new position in Ulta Beauty in the fourth quarter valued at $807,000. Louisiana State Employees Retirement System acquired a new position in Ulta Beauty in the fourth quarter valued at $1,470,000. Mackenzie Financial Corp boosted its holdings in shares of Ulta Beauty by 1.0% in the fourth quarter. Mackenzie Financial Corp now owns 10,458 shares of the specialty retailer’s stock valued at $5,124,000 after acquiring an additional 106 shares in the last quarter. Finally, Wealth Alliance boosted its holdings in shares of Ulta Beauty by 10.0% in the fourth quarter. Wealth Alliance now owns 1,433 shares of the specialty retailer’s stock valued at $702,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of several analyst reports. Piper Sandler downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $494.00 to $404.00 in a report on Wednesday, July 24th. Robert W. Baird decreased their price objective 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. Citigroup decreased their price objective on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $494.83.

Ulta Beauty Price Performance

ULTA traded up $38.76 during midday trading on Thursday, hitting $367.81. 3,722,583 shares of the company’s stock traded hands, compared to its average volume of 842,359. The company has a market cap of $17.55 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. The stock’s fifty day simple moving average is $375.71 and its 200-day simple moving average is $437.18. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating the consensus estimate of $6.19 by $0.28. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $6.88 earnings per share. On average, research analysts expect that Ulta Beauty, Inc. will post 25.65 EPS for the current year.

Insider Activity at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of the firm’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 completion of the sale, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

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.