Concorde Asset Management LLC Invests $229,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Concorde Asset Management LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 594 shares of the specialty retailer’s stock, valued at approximately $229,000.

A number of other institutional investors also recently modified their holdings of ULTA. Janiczek Wealth Management LLC increased its holdings in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares in the last quarter. Commerce Bank increased its holdings in Ulta Beauty by 1.0% in the 4th quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after purchasing an additional 26 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Ulta Beauty by 5.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares in the last quarter. Eudaimonia Partners LLC increased its holdings in Ulta Beauty by 4.0% in the 1st quarter. Eudaimonia Partners LLC now owns 698 shares of the specialty retailer’s stock worth $365,000 after purchasing an additional 27 shares in the last quarter. Finally, Sage Capital Advisors llc increased its holdings in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $403.29 on Friday. The firm has a market cap of $19.00 billion, a P/E ratio of 15.73, a PEG ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The business’s 50 day simple moving average is $368.23 and its two-hundred day simple moving average is $409.95.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ULTA shares. DA Davidson lowered their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Canaccord Genuity Group decreased their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. BMO Capital Markets decreased their price target on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Barclays increased their price target on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $425.29.

Insider Transactions at Ulta Beauty

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

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.