Belfer Management LLC Invests $202,000 in Ulta Beauty Inc. $ULTA

Belfer Management LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, HoldingsChannel reports. The fund bought 433 shares of the specialty retailer’s stock, valued at approximately $202,000. Ulta Beauty comprises about 3.1% of Belfer Management LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds have also modified their holdings of the business. ORG Partners LLC grew its position in shares of Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 23 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Ulta Beauty by 3.0% during the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares during the last quarter. Wambolt & Associates LLC grew its position in shares of Ulta Beauty by 1.6% during the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after acquiring an additional 26 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in shares of Ulta Beauty by 5.0% during the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer’s stock worth $229,000 after acquiring an additional 30 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group lifted their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Morgan Stanley lifted their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Bank of America lifted their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the company an “underweight” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $549.33.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $549.28 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The business has a fifty day moving average of $528.22 and a two-hundred day moving average of $463.92. The company has a market cap of $24.63 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last released 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 the consensus estimate of $2.66 billion. During the same quarter last year, the company earned $5.30 earnings per share. Ulta Beauty’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction on 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 owned 2,263 shares of the company’s stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

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.