Access Investment Management LLC Makes New $235,000 Investment in Ulta Beauty Inc. $ULTA

Access Investment Management LLC acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 503 shares of the specialty retailer’s stock, valued at approximately $235,000.

A number of other institutional investors also recently modified their holdings of ULTA. OneDigital Investment Advisors LLC raised its holdings in Ulta Beauty by 32.1% during the first quarter. OneDigital Investment Advisors LLC now owns 1,164 shares of the specialty retailer’s stock worth $427,000 after buying an additional 283 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Ulta Beauty by 11.6% in the 1st quarter. IFM Investors Pty Ltd now owns 9,873 shares of the specialty retailer’s stock worth $3,842,000 after acquiring an additional 1,027 shares during the last quarter. Wayfinding Financial LLC bought a new position in Ulta Beauty in the 1st quarter valued at about $31,000. Bank of New York Mellon Corp increased its holdings in Ulta Beauty by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 277,208 shares of the specialty retailer’s stock worth $101,608,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Simmons Bank raised its stake in shares of Ulta Beauty by 8.5% in the first quarter. Simmons Bank now owns 5,559 shares of the specialty retailer’s stock worth $2,038,000 after purchasing an additional 435 shares during the last quarter. 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 Ulta Beauty 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 directly owned 2,263 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock opened at $519.88 on Monday. The stock has a fifty day moving average of $531.05 and a 200-day moving average of $483.68. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.86 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ULTA. Loop Capital reiterated a “hold” rating and set a $510.00 price target on shares of Ulta Beauty in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Citigroup boosted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $550.38.

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.