Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 707 shares of the specialty retailer’s stock after purchasing an additional 29 shares during the quarter. Procyon Advisors LLC’s holdings in Ulta Beauty were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cornerstone Investment Partners LLC boosted its holdings in shares of Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after acquiring an additional 28 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Ulta Beauty by 5.0% during the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 30 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 31 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ulta Beauty by 35.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $468.32 on Tuesday. The company’s 50 day simple moving average is $396.52 and its 200 day simple moving average is $393.20. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $491.98. The company has a market capitalization of $21.05 billion, a P/E ratio of 18.74, a PEG ratio of 0.89 and a beta of 1.09.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm earned $6.47 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Telsey Advisory Group lifted their target price on shares of Ulta Beauty from $460.00 to $520.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Raymond James reaffirmed an “outperform” rating and set a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Citigroup lifted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. Finally, DA Davidson lifted their price target on shares of Ulta Beauty from $415.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $460.91.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares of the company’s stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Ulta Beauty 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.