Vista Investment Partners LLC Purchases 155 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Vista Investment Partners LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,529 shares of the specialty retailer’s stock after acquiring an additional 155 shares during the quarter. Vista Investment Partners LLC’s holdings in Ulta Beauty were worth $2,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nvwm LLC grew its position in shares of Ulta Beauty by 2.1% during the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 21 shares during the last quarter. Nkcfo LLC lifted its stake in shares of Ulta Beauty by 14.4% during the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 23 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Ulta Beauty by 32.5% during 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 during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Ulta Beauty by 0.4% during the 1st quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock worth $3,286,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 3.1 %

Shares of ULTA stock traded up $11.43 during mid-day trading on Friday, reaching $377.23. The stock had a trading volume of 2,942,803 shares, compared to its average volume of 860,072. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $18.00 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The business has a 50-day simple moving average of $375.23 and a 200 day simple moving average of $435.27.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $6.88 earnings per share. Research analysts anticipate that Ulta Beauty, Inc. will post 25.65 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’s 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 of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty 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 transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated 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 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Piper Sandler cut Ulta Beauty from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $494.00 to $404.00 in a research note on Wednesday, July 24th. Canaccord Genuity Group decreased their price target on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Evercore ISI decreased their price target on Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group decreased their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $494.83.

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.