Dynasty Wealth Management LLC Buys Shares of 806 Ulta Beauty, Inc. (NASDAQ:ULTA)

Dynasty Wealth Management LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the first quarter, according to its most recent filing with the SEC. The firm purchased 806 shares of the specialty retailer’s stock, valued at approximately $421,000.

A number of other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in Ulta Beauty by 193.9% during the 4th quarter. Blue Trust Inc. now owns 144 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 95 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after buying an additional 23 shares during the period. AdvisorNet Financial Inc lifted its stake in Ulta Beauty by 3.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,188 shares of the specialty retailer’s stock valued at $582,000 after buying an additional 39 shares during the period. Mayflower Financial Advisors LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $233,000. Finally, Coerente Capital Management raised its position in shares of Ulta Beauty by 2.3% during the fourth quarter. Coerente Capital Management now owns 23,159 shares of the specialty retailer’s stock worth $11,348,000 after purchasing an additional 519 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ULTA. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Friday, July 19th. Oppenheimer lowered their target price on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. TD Cowen decreased their price target on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, May 31st. Barclays decreased their price target on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. Finally, BMO Capital Markets decreased their price target on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $497.61.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which is available through this link. In related 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 owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Up 0.3 %

ULTA traded up $1.22 during trading on Wednesday, reaching $368.75. 319,877 shares of the company were exchanged, compared to its average volume of 813,193. The company’s 50-day moving average is $386.98 and its two-hundred day moving average is $448.29. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.70 and a beta of 1.37. Ulta Beauty, Inc. has a 12-month low of $361.40 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the firm posted $6.88 EPS. Ulta Beauty’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 25.66 earnings per share for the current 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.