Ulta Beauty Inc. $ULTA Stock Holdings Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 269.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,281 shares of the specialty retailer’s stock after buying an additional 2,393 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ulta Beauty were worth $1,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new stake in Ulta Beauty in the first quarter valued at $31,000. Hemington Wealth Management increased its holdings in shares of Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 40 shares during the period. Ransom Advisory Ltd bought a new stake in Ulta Beauty in the 1st quarter valued at about $36,000. Costello Asset Management INC acquired a new position in Ulta Beauty during the 1st quarter valued at about $37,000. Finally, Larson Financial Group LLC grew its position in Ulta Beauty by 178.4% in the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ULTA shares. UBS Group lifted their price target on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a report on Friday, August 29th. Bank of America boosted their price target on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Robert W. Baird increased their price target on Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Piper Sandler initiated coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $590.00 price objective on the stock. Finally, Loop Capital reaffirmed a “hold” rating and issued a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Performance

ULTA opened at $519.88 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $572.23. The stock’s fifty day moving average is $531.05 and its 200-day moving average is $482.74. The company has a market capitalization of $23.31 billion, a PE ratio of 19.93, a P/E/G ratio of 2.86 and a beta of 1.08.

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