Kestra Private Wealth Services LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Kestra Private Wealth Services LLC lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 37.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,838 shares of the specialty retailer’s stock after purchasing an additional 503 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ulta Beauty were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ULTA. Parkside Financial Bank & Trust increased its stake in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the period. Bank of New Hampshire acquired a new stake in shares of Ulta Beauty in the first quarter valued at $29,000. WD Rutherford LLC boosted its holdings in Ulta Beauty by 100.0% in the first quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Benjamin Edwards Inc. acquired a new position in Ulta Beauty during the 1st quarter worth $37,000. Finally, Herold Advisors Inc. purchased a new stake in Ulta Beauty during the 1st quarter worth about $40,000. 89.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ULTA. Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $400.00 to $475.00 in a research note on Friday, May 27th. Oppenheimer raised their price objective on shares of Ulta Beauty from $485.00 to $505.00 and gave the company an “outperform” rating in a report on Friday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a research report on Friday, May 27th. Barclays lifted their price objective on shares of Ulta Beauty from $491.00 to $511.00 and gave the stock an “overweight” rating in a research report on Monday, August 29th. Finally, Raymond James increased their price objective on Ulta Beauty from $485.00 to $505.00 and gave the company a “strong-buy” rating in a report on Friday, August 26th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $482.27.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $418.66 on Monday. The stock has a market capitalization of $21.44 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.65 and a beta of 1.39. Ulta Beauty, Inc. has a 12-month low of $330.80 and a 12-month high of $451.30. The firm’s 50-day moving average is $405.02 and its two-hundred day moving average is $397.41.

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

Insider Activity

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

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.

See Also

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

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