Prime Capital Investment Advisors LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Prime Capital Investment Advisors LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,249 shares of the specialty retailer’s stock after purchasing an additional 41 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Ulta Beauty were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ULTA. Bradley Foster & Sargent Inc. CT lifted its holdings in Ulta Beauty by 1.6% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 20 shares during the last quarter. Pathstone Family Office LLC lifted its holdings in Ulta Beauty by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock valued at $1,338,000 after acquiring an additional 22 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in Ulta Beauty by 4.9% in the first quarter. Wetherby Asset Management Inc. now owns 491 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 23 shares during the last quarter. CENTRAL TRUST Co lifted its stake in Ulta Beauty by 3.0% during the third quarter. CENTRAL TRUST Co now owns 835 shares of the specialty retailer’s stock worth $335,000 after purchasing an additional 24 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Ulta Beauty by 1.4% during the third quarter. Huntington National Bank now owns 1,820 shares of the specialty retailer’s stock worth $727,000 after purchasing an additional 26 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on ULTA shares. Piper Sandler upped their price target on Ulta Beauty from $540.00 to $572.00 and gave the stock an “overweight” rating in a research note on Friday, December 1st. Citigroup upped their price target on Ulta Beauty from $440.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. reduced their price objective on Ulta Beauty from $526.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. Raymond James reduced their price objective on Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $600.00 price objective on shares of Ulta Beauty in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price of $528.95.

Check Out Our Latest Research Report on ULTA

Insider Activity at Ulta Beauty

In related news, Director Lorna Nagler sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the completion of the sale, the director now owns 6,529 shares in the company, valued at $3,187,327.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jodi J. Caro sold 1,804 shares of Ulta Beauty stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $490.02, for a total transaction of $883,996.08. Following the completion of the sale, the insider now owns 5,590 shares in the company, valued at approximately $2,739,211.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lorna Nagler sold 500 shares of Ulta Beauty stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $488.18, for a total value of $244,090.00. Following the sale, the director now owns 6,529 shares of the company’s stock, valued at approximately $3,187,327.22. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Ulta Beauty Stock Up 0.5 %

NASDAQ ULTA opened at $525.06 on Tuesday. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $556.60. The business’s 50-day moving average price is $488.67 and its 200 day moving average price is $437.97. The firm has a market cap of $25.50 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.16 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.96 by $0.11. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.47 billion. Ulta Beauty had a return on equity of 61.42% and a net margin of 11.37%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $5.34 earnings per share. As a group, analysts anticipate that Ulta Beauty, Inc. will post 25.52 earnings per share for the current year.

Ulta Beauty Profile

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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