Waterloo Capital L.P. Decreases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Waterloo Capital L.P. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,870 shares of the specialty retailer’s stock after selling 447 shares during the period. Waterloo Capital L.P.’s holdings in Ulta Beauty were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ULTA. Norges Bank purchased a new position in Ulta Beauty in the 4th quarter worth approximately $263,192,000. Global Assets Advisory LLC purchased a new position in Ulta Beauty in the 1st quarter worth approximately $176,753,000. TD Asset Management Inc increased its stake in Ulta Beauty by 177.8% in the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after purchasing an additional 260,740 shares during the period. Los Angeles Capital Management LLC increased its stake in Ulta Beauty by 210.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after purchasing an additional 184,060 shares during the period. Finally, Boston Partners increased its stake in Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ULTA. Piper Sandler reaffirmed a “neutral” rating and issued a $356.00 price target (down from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Barclays lifted their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. BMO Capital Markets cut their price objective on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. UBS Group cut their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Citigroup cut their price objective on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Trading Up 1.4 %

Ulta Beauty stock opened at $402.72 on Thursday. The business’s fifty day simple moving average is $368.18 and its two-hundred day simple moving average is $410.00. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

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.