JB Capital LLC Acquires Shares of 6,806 Ulta Beauty, Inc. (NASDAQ:ULTA)

JB Capital LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,806 shares of the specialty retailer’s stock, valued at approximately $2,626,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vima LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty in the 1st quarter worth $30,000. Sound Income Strategies LLC raised its holdings in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. LRI Investments LLC purchased a new stake in Ulta Beauty in the first quarter worth about $31,000. Finally, Manchester Capital Management LLC grew its holdings in Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 1.2 %

Shares of NASDAQ:ULTA traded up $4.39 during trading on Friday, reaching $378.65. 978,901 shares of the company’s stock traded hands, compared to its average volume of 881,820. The firm has a market cap of $18.07 billion, a PE ratio of 14.63, a P/E/G ratio of 1.75 and a beta of 1.37. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a 50-day simple moving average of $374.12 and a 200-day simple moving average of $432.18.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned $6.88 earnings per share. Ulta Beauty’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 25.65 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America dropped their target price on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Oppenheimer reiterated an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, August 15th. Evercore ISI decreased their price target on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 24th. Finally, BMO Capital Markets reduced 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. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $492.00.

Ulta Beauty 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.