Mercer Global Advisors Inc. ADV Sells 3,509 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mercer Global Advisors Inc. ADV decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,558 shares of the specialty retailer’s stock after selling 3,509 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Ulta Beauty were worth $7,984,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ULTA. UMB Bank n.a. increased its holdings in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. Vima LLC bought a new position in Ulta Beauty during the fourth quarter worth $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty in the first quarter valued at $30,000. Sound Income Strategies LLC raised its position in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter worth about $31,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 0.3 %

NASDAQ:ULTA opened at $402.01 on Friday. The firm has a market capitalization of $19.18 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month 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.

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

Insider Transactions at Ulta Beauty

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on ULTA. Piper Sandler reiterated a “neutral” rating and issued a $356.00 price target (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets lowered 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. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $425.29.

About Ulta Beauty

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.