J.Safra Asset Management Corp Acquires Shares of 110 Ulta Beauty, Inc. (NASDAQ:ULTA)

J.Safra Asset Management Corp bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 110 shares of the specialty retailer’s stock, valued at approximately $42,000.

Several other institutional investors also recently modified their holdings of the business. AlphaMark Advisors LLC raised its holdings in shares of Ulta Beauty by 4.0% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,282 shares of the specialty retailer’s stock worth $495,000 after purchasing an additional 49 shares during the period. Courant Investment Management LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter valued at $4,245,000. Robbins Farley grew its stake in shares of Ulta Beauty by 25.2% during the 2nd quarter. Robbins Farley now owns 7,572 shares of the specialty retailer’s stock worth $2,922,000 after acquiring an additional 1,526 shares during the period. AdvisorNet Financial Inc raised its stake in Ulta Beauty by 5.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 33 shares during the period. Finally, Tsfg LLC increased its stake in shares of Ulta Beauty by 1,065.0% in the second quarter. Tsfg LLC now owns 466 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 426 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA traded up $10.39 during trading hours on Friday, hitting $376.19. The company had a trading volume of 1,055,869 shares, compared to its average volume of 848,154. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $17.95 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. The stock has a 50-day moving average price of $375.33 and a 200 day moving average price of $436.69.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the business posted $6.88 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Ulta Beauty, Inc. will post 25.65 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America lowered their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Friday, July 19th. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating for the company in a research report on Wednesday, July 24th. Piper Sandler downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and cut their price target for the company from $494.00 to $404.00 in a report on Wednesday, July 24th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $494.83.

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.