Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lifted by Choreo LLC

Choreo LLC grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 71.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,868 shares of the specialty retailer’s stock after acquiring an additional 1,198 shares during the period. Choreo LLC’s holdings in Ulta Beauty were worth $1,103,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vima LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at $27,000. Riverview Trust Co acquired a new stake in Ulta Beauty during the 1st quarter worth about $30,000. Sound Income Strategies LLC lifted its stake in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Finally, UMB Bank n.a. increased its position in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ULTA has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus decreased their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Oppenheimer lowered their price target on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, Canaccord Genuity Group lowered their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Stock Performance

ULTA opened at $373.08 on Friday. The firm has a market cap of $17.80 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31. The business has a 50 day moving average price of $368.39 and a 200 day moving average price of $415.54. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 earnings per share. Ulta Beauty’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Ulta Beauty, Inc. will post 23.24 earnings per share for the current fiscal year.

About Ulta Beauty

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.