Yousif Capital Management LLC Trims Stake in Ulta Beauty Inc. $ULTA

Yousif Capital Management LLC reduced its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,550 shares of the specialty retailer’s stock after selling 339 shares during the quarter. Yousif Capital Management LLC’s holdings in Ulta Beauty were worth $2,596,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ULTA. Wayfinding Financial LLC purchased a new position in Ulta Beauty during the first quarter valued at approximately $31,000. Hemington Wealth Management raised its position in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Ulta Beauty during the first quarter valued at approximately $36,000. Costello Asset Management INC acquired a new stake in Ulta Beauty in the first quarter valued at approximately $37,000. Finally, Larson Financial Group LLC increased its position in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 66 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cowen restated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. DA Davidson boosted their price objective on Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Piper Sandler assumed coverage on Ulta Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price objective for the company. Bank of America boosted their price objective on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Robert W. Baird boosted their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $550.38.

Ulta Beauty Stock Performance

Shares of ULTA opened at $533.51 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.96 and a beta of 1.08. The stock has a 50 day moving average price of $531.17 and a 200 day moving average price of $469.79.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the business earned $5.30 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Ulta Beauty Company 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.