Investidor Profissional Gestao de Recursos Ltda. Purchases New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Investidor Profissional Gestao de Recursos Ltda. purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,592 shares of the specialty retailer’s stock, valued at approximately $614,000. Ulta Beauty makes up 0.3% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 15th biggest holding.

A number of other large investors have also added to or reduced their stakes in ULTA. Coldstream Capital Management Inc. raised its position in shares of Ulta Beauty by 41.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 843 shares of the specialty retailer’s stock valued at $413,000 after buying an additional 248 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Ulta Beauty by 32.4% in the 4th quarter. Corient Private Wealth LLC now owns 12,509 shares of the specialty retailer’s stock valued at $6,129,000 after purchasing an additional 3,059 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Ulta Beauty by 40.0% in the 4th quarter. US Bancorp DE now owns 16,539 shares of the specialty retailer’s stock worth $8,104,000 after purchasing an additional 4,729 shares during the period. Commerce Bank increased its position in shares of Ulta Beauty by 1.0% during the 4th 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. Finally, Congress Wealth Management LLC DE raised its holdings in Ulta Beauty by 2.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 27,926 shares of the specialty retailer’s stock valued at $13,684,000 after buying an additional 570 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $402.01 on Friday. The company has a 50 day moving average price of $368.01 and a 200-day moving average price of $408.95. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market capitalization of $19.18 billion, a PE ratio of 15.68, a PEG ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the company earned $6.02 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were 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 directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty 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 transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $252,642.00. Following the transaction, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on ULTA. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Loop Capital reduced their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Oppenheimer decreased their price objective on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group cut their target price on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note 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 issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $425.29.

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.