American Trust Acquires New Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

American Trust acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 640 shares of the specialty retailer’s stock, valued at approximately $255,000.

Other hedge funds have also made changes to their positions in the company. National Asset Management Inc. lifted its stake in shares of Ulta Beauty by 18.5% during the 1st quarter. National Asset Management Inc. now owns 3,050 shares of the specialty retailer’s stock worth $1,216,000 after purchasing an additional 477 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in Ulta Beauty during the 1st quarter valued at about $136,000. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Ulta Beauty by 9.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,692 shares of the specialty retailer’s stock valued at $2,347,000 after purchasing an additional 487 shares during the period. Forsta AP Fonden increased its holdings in shares of Ulta Beauty by 31.5% in the first quarter. Forsta AP Fonden now owns 21,300 shares of the specialty retailer’s stock valued at $8,482,000 after purchasing an additional 5,100 shares during the period. Finally, Cornercap Investment Counsel Inc. increased its holdings in shares of Ulta Beauty by 11.3% in the first quarter. Cornercap Investment Counsel Inc. now owns 5,343 shares of the specialty retailer’s stock valued at $2,128,000 after purchasing an additional 544 shares during the period. 89.20% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.9 %

ULTA stock opened at $418.66 on Monday. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.65 and a beta of 1.39. The business has a fifty day simple moving average of $405.02 and a 200-day simple moving average of $397.41. Ulta Beauty, Inc. has a 52 week low of $330.80 and a 52 week high of $451.30.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.70. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm earned $4.56 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 21.36 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In other news, insider Anita Jane Ryan sold 594 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total transaction of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Anita Jane Ryan sold 594 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now owns 2,482 shares of the company’s stock, valued at $1,093,395.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the transaction, the director now directly owns 2,168 shares in the company, valued at approximately $966,624.48. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on ULTA shares. Stifel Nicolaus raised their target price on Ulta Beauty from $435.00 to $450.00 and gave the stock a “hold” rating in a report on Friday, August 26th. Robert W. Baird raised their target price on Ulta Beauty from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Deutsche Bank Aktiengesellschaft raised their target price on Ulta Beauty from $548.00 to $563.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Cowen raised their target price on Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Finally, JPMorgan Chase & Co. raised their target price on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $482.27.

About Ulta Beauty

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

Further Reading

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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