Vanguard Personalized Indexing Management LLC Has $2.36 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,119 shares of the specialty retailer’s stock after acquiring an additional 350 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ulta Beauty were worth $2,360,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janiczek Wealth Management LLC raised its stake in shares of Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after acquiring an additional 25 shares during the last quarter. Commerce Bank raised its holdings in shares of Ulta Beauty by 1.0% in the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock valued at $1,344,000 after purchasing an additional 26 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 26 shares during the last quarter. Eudaimonia Partners LLC increased its position in shares of Ulta Beauty by 4.0% during 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 during the last quarter. Finally, Sage Capital Advisors llc lifted its stake in Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 27 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

ULTA stock opened at $402.01 on Friday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock’s 50 day simple moving average is $368.01 and its 200 day simple moving average is $408.95. The company has a market cap of $19.18 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

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 analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm posted $6.02 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James downgraded Ulta Beauty from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $500.00 to $450.00 in a report on Friday, August 30th. TD Cowen reduced their target price on Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Evercore ISI cut their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Piper Sandler reaffirmed a “neutral” rating and set a $356.00 price target (down from $404.00) on shares of Ulta Beauty in a report on Friday, August 30th. Finally, Bank of America lowered their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $425.29.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, 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 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.