Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Guidance Capital Inc.

Guidance Capital Inc. grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,721 shares of the specialty retailer’s stock after acquiring an additional 229 shares during the quarter. Guidance Capital Inc.’s holdings in Ulta Beauty were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Resonant Capital Advisors LLC raised its holdings in Ulta Beauty by 8.5% during the second quarter. Resonant Capital Advisors LLC now owns 1,553 shares of the specialty retailer’s stock worth $599,000 after purchasing an additional 122 shares in the last quarter. AM Squared Ltd bought a new stake in Ulta Beauty during the second quarter worth approximately $232,000. Elk River Wealth Management LLC raised its holdings in Ulta Beauty by 2.4% during the second quarter. Elk River Wealth Management LLC now owns 7,153 shares of the specialty retailer’s stock worth $2,760,000 after purchasing an additional 170 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in Ulta Beauty during the second quarter worth approximately $10,166,000. Finally, Farther Finance Advisors LLC raised its holdings in Ulta Beauty by 580.7% during the second quarter. Farther Finance Advisors LLC now owns 599 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 511 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer dropped their target price on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group lowered their price objective on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. The Goldman Sachs Group lowered their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $436.83.

Ulta Beauty Trading Down 4.0 %

Ulta Beauty stock traded down $14.74 on Monday, reaching $352.84. 4,999,700 shares of the stock were exchanged, compared to its average volume of 917,843. The firm has a fifty day moving average price of $372.21 and a two-hundred day moving average price of $424.67. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market cap of $16.84 billion, a PE ratio of 13.76, a PEG ratio of 1.86 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.91% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm posted $6.02 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.03 EPS 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.