Parkside Financial Bank & Trust raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 98.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139 shares of the specialty retailer's stock after acquiring an additional 69 shares during the quarter. Parkside Financial Bank & Trust's holdings in Ulta Beauty were worth $54,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. National Asset Management Inc. boosted its stake in Ulta Beauty by 18.5% during the 1st quarter. National Asset Management Inc. now owns 3,050 shares of the specialty retailer's stock valued at $1,216,000 after acquiring an additional 477 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $136,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Ulta Beauty by 9.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,692 shares of the specialty retailer's stock worth $2,347,000 after purchasing an additional 487 shares during the period. Forsta AP Fonden raised its holdings in shares of Ulta Beauty by 31.5% during the first quarter. Forsta AP Fonden now owns 21,300 shares of the specialty retailer's stock worth $8,482,000 after purchasing an additional 5,100 shares during the period. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of Ulta Beauty by 11.3% during the first quarter. Cornercap Investment Counsel Inc. now owns 5,343 shares of the specialty retailer's stock worth $2,128,000 after purchasing an additional 544 shares during the period. 89.20% of the stock is currently owned by institutional investors.
Get Ulta Beauty alerts:Ulta Beauty Trading Down 2.3 %
NASDAQ:ULTA opened at $392.30 on Friday. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $451.30. The company has a 50-day moving average of $407.36 and a 200-day moving average of $398.77. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its earnings results on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, topping the consensus estimate of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the company posted $4.56 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty, Inc. will post 21.36 earnings per share for the current year.Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Oppenheimer increased their target price on shares of Ulta Beauty from $485.00 to $505.00 and gave the stock an "outperform" rating in a report on Friday, August 26th. Telsey Advisory Group increased their target price on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an "outperform" rating in a report on Friday, August 26th. Jefferies Financial Group raised shares of Ulta Beauty from a "hold" rating to a "buy" rating and increased their price objective for the stock from $400.00 to $475.00 in a report on Friday, May 27th. Piper Sandler increased their price objective on shares of Ulta Beauty from $485.00 to $510.00 and gave the stock an "overweight" rating in a report on Friday, August 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ulta Beauty from $548.00 to $563.00 and gave the stock a "buy" rating in a report on Wednesday, August 24th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $482.27.
Insiders Place Their Bets
In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of the firm's stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the transaction, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Anita Jane Ryan sold 594 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares of the company's stock, valued at $1,093,395.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was 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 $966,624.48. The disclosure for this sale can be found here. Corporate 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.
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