GHP Investment Advisors Inc. Acquires 446 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

GHP Investment Advisors Inc. raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,196 shares of the specialty retailer’s stock after acquiring an additional 446 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Ulta Beauty were worth $11,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vima LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $27,000. Riverview Trust Co bought a new position in Ulta Beauty during the 1st quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings in Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. LRI Investments LLC purchased a new position in Ulta Beauty during the 1st quarter worth $31,000. Finally, UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% in 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 in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the 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 sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on 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 owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated 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 owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ULTA shares. Stifel Nicolaus cut their price target on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group cut their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Jefferies Financial Group decreased their price target on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Wells Fargo & Company dropped their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Finally, Piper Sandler restated a “neutral” rating and issued a $356.00 price objective (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $425.29.

Ulta Beauty Trading Up 0.2 %

ULTA opened at $373.08 on Friday. 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 $17.58 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.31. The company has a 50 day moving average of $368.39 and a 200 day moving average of $415.54.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS 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 the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $6.02 earnings per share. Research analysts forecast that Ulta Beauty, Inc. will post 23.24 earnings per share for the current fiscal year.

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.