Ulta Beauty Inc. $ULTA Shares Sold by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.4% in the 2nd quarter, Holdings Channel reports. The firm owned 301 shares of the specialty retailer’s stock after selling 24 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in Ulta Beauty were worth $141,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ULTA. Wayfinding Financial LLC acquired a new position in Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. grew its holdings in Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 59 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Ulta Beauty in the 1st quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new stake in Ulta Beauty in the 1st quarter valued at $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI upped their target price on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Canaccord Genuity Group set a $650.00 target price on Ulta Beauty in a report on Friday, August 29th. Barclays upped their target price on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Citigroup upped their target price on Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their target price on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $544.20.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $556.45 on Friday. The business has a 50-day moving average of $523.68 and a 200 day moving average of $456.83. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $562.11. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 3.07 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business posted $5.30 EPS. Ulta Beauty’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.