Concorde Asset Management LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) 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.
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.
Get Our Latest Report on Ulta Beauty
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.
Further Reading
- Five stocks we like better than Ulta Beauty
- What is the S&P/TSX Index?
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- Trading Stocks: RSI and Why it’s Useful
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- What Are Trending Stocks? Trending Stocks Explained
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.