Nicolet Advisory Services LLC Purchases 76 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Nicolet Advisory Services LLC increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 729 shares of the specialty retailer’s stock after purchasing an additional 76 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Ulta Beauty were worth $381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $25,000. Vima LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $27,000. BKM Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $28,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty in the first quarter worth about $30,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after buying an additional 49 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ULTA shares. Stifel Nicolaus lowered their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Canaccord Genuity Group lowered their price target on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Wells Fargo & Company lowered their price target on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th. Jefferies Financial Group lowered their price target on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Finally, Piper Sandler lowered their price target on Ulta Beauty from $498.00 to $494.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $502.61.

Insiders Place Their Bets

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

Ulta Beauty Trading Down 0.6 %

ULTA stock traded down $2.20 during midday trading on Friday, hitting $390.92. 897,250 shares of the company’s stock were exchanged, compared to its average volume of 735,477. The business has a 50-day simple moving average of $390.19 and a two-hundred day simple moving average of $453.62. The stock has a market capitalization of $18.65 billion, a PE ratio of 15.25, a P/E/G ratio of 1.81 and a beta of 1.37. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $6.88 earnings per share. As a group, research analysts expect that Ulta Beauty, Inc. will post 25.7 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.