480 Shares in Ulta Beauty Inc. $ULTA Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 480 shares of the specialty retailer’s stock, valued at approximately $225,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Perfromance Wealth Partners LLC grew its stake in Ulta Beauty by 8.3% during the second quarter. Perfromance Wealth Partners LLC now owns 3,275 shares of the specialty retailer’s stock worth $1,532,000 after buying an additional 250 shares during the last quarter. NorthRock Partners LLC bought a new stake in Ulta Beauty during the second quarter worth about $263,000. Envestnet Portfolio Solutions Inc. grew its stake in Ulta Beauty by 23.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 758 shares of the specialty retailer’s stock worth $355,000 after buying an additional 143 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Ulta Beauty by 30.3% during the second quarter. Sequoia Financial Advisors LLC now owns 1,664 shares of the specialty retailer’s stock worth $778,000 after buying an additional 387 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Ulta Beauty during the second quarter worth about $246,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Wall Street Zen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Morgan Stanley upped their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Bank of America increased their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company boosted 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. One investment 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $549.33.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $541.01 on Wednesday. The stock’s fifty day moving average price is $529.39 and its two-hundred day moving average price is $467.02. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.99 and a beta of 1.08.

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

About Ulta Beauty

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.