Lindenwold Advisors INC Boosts Stock Holdings in Ulta Beauty Inc. $ULTA

Lindenwold Advisors INC boosted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,729 shares of the specialty retailer’s stock after purchasing an additional 115 shares during the period. Ulta Beauty makes up approximately 1.1% of Lindenwold Advisors INC’s portfolio, making the stock its 26th biggest holding. Lindenwold Advisors INC’s holdings in Ulta Beauty were worth $2,212,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Aberdeen Group plc increased its position in shares of Ulta Beauty by 4.7% in the second quarter. Aberdeen Group plc now owns 35,454 shares of the specialty retailer’s stock worth $16,586,000 after acquiring an additional 1,603 shares in the last quarter. Belfer Management LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $202,000. Blue Trust Inc. increased its position in shares of Ulta Beauty by 21.6% in the second quarter. Blue Trust Inc. now owns 180 shares of the specialty retailer’s stock worth $84,000 after acquiring an additional 32 shares in the last quarter. Stiles Financial Services Inc increased its position in shares of Ulta Beauty by 31.8% in the second quarter. Stiles Financial Services Inc now owns 1,077 shares of the specialty retailer’s stock worth $504,000 after acquiring an additional 260 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA increased its position in shares of Ulta Beauty by 1.9% in the second quarter. Baldwin Wealth Partners LLC MA now owns 27,187 shares of the specialty retailer’s stock worth $12,719,000 after acquiring an additional 496 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 subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an “underweight” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Oppenheimer lifted their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. The Goldman Sachs Group upped 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. Finally, Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $549.33.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $549.28 on Friday. The firm has a market cap of $24.63 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.09 and a beta of 1.08. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The firm has a fifty day moving average of $528.22 and a two-hundred day moving average of $463.92.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $5.30 EPS. On average, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.