Nations Financial Group Inc. IA ADV Acquires 33 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Nations Financial Group Inc. IA ADV grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,495 shares of the specialty retailer’s stock after purchasing an additional 33 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Ulta Beauty were worth $1,349,000 as of its most recent SEC filing.

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

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction 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 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 available at this link. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction 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 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. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $14.74 during trading on Friday, hitting $352.84. 4,995,699 shares of the company traded hands, compared to its average volume of 917,815. The business’s fifty day moving average is $372.83 and its 200 day moving average is $427.31. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.75 and a beta of 1.37. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.02 EPS. On average, analysts predict that Ulta Beauty, Inc. will post 25.48 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ULTA. TD Cowen reduced their price objective on Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group lowered their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday. Barclays lifted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday. DA Davidson dropped their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $436.83.

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.