722 Shares in Ulta Beauty Inc. $ULTA Purchased by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, Holdings Channel reports. The fund purchased 722 shares of the specialty retailer’s stock, valued at approximately $338,000.

A number of other large investors also recently bought and sold shares of ULTA. Wayfinding Financial LLC acquired a new position in Ulta Beauty in the 1st quarter worth about $31,000. Hemington Wealth Management increased its stake in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Ulta Beauty during the 1st quarter worth approximately $36,000. Costello Asset Management INC purchased a new stake in Ulta Beauty during the 1st quarter worth approximately $37,000. Finally, Larson Financial Group LLC increased its stake in Ulta Beauty by 178.4% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of several research reports. Wells Fargo & Company boosted their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Raymond James Financial reiterated an “outperform” rating and set a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. Robert W. Baird boosted their price objective on Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Insiders Place Their Bets

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $519.88 on Friday. The business has a 50 day simple moving average of $531.05 and a 200-day simple moving average of $481.88. The firm has a market capitalization of $23.31 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.80 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23.

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

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.