Evergreen Wealth Management LLC Acquires 32 Shares of Ulta Beauty Inc. $ULTA

Evergreen Wealth Management LLC grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,214 shares of the specialty retailer’s stock after purchasing an additional 32 shares during the period. Evergreen Wealth Management LLC’s holdings in Ulta Beauty were worth $1,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Hemington Wealth Management raised its position in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $36,000. Costello Asset Management INC bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $37,000. Finally, Larson Financial Group LLC grew its stake in Ulta Beauty by 178.4% during the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ULTA. Loop Capital reaffirmed a “hold” rating and set a $510.00 price objective on shares of Ulta Beauty in a research note on Friday, July 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $610.00 price objective on shares of Ulta Beauty in a research note on Friday, October 17th. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty 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. Finally, DA Davidson boosted their price objective on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $550.38.

Ulta Beauty Price Performance

ULTA stock opened at $518.79 on Wednesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The stock has a market cap of $23.26 billion, a PE ratio of 19.89, a P/E/G ratio of 2.88 and a beta of 1.08. The firm has a 50 day simple moving average of $531.66 and a two-hundred day simple moving average of $479.60.

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

Insider Buying and Selling

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’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 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 Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by corporate 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.