Isthmus Partners LLC Grows Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Isthmus Partners LLC raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,832 shares of the specialty retailer’s stock after acquiring an additional 5,640 shares during the period. Ulta Beauty comprises about 4.4% of Isthmus Partners LLC’s investment portfolio, making the stock its 12th biggest position. Isthmus Partners LLC’s holdings in Ulta Beauty were worth $11,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nvwm LLC increased its stake in shares of Ulta Beauty by 2.1% in the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after purchasing an additional 21 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after buying an additional 25 shares during the last quarter. Bfsg LLC boosted its holdings in Ulta Beauty by 0.4% in the 1st quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock worth $3,286,000 after buying an additional 26 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Ulta Beauty by 1.0% in the 4th quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.0 %

NASDAQ ULTA traded up $3.81 on Friday, reaching $367.59. The stock had a trading volume of 1,077,258 shares, compared to its average volume of 928,084. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 2.05 and a beta of 1.31. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a fifty day moving average price of $369.52 and a two-hundred day moving average price of $420.22.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company posted $6.02 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ULTA shares. Bank of America lowered their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Piper Sandler restated a “neutral” rating and set a $356.00 target price (down from $404.00) on shares of Ulta Beauty in a report on Friday, August 30th. Oppenheimer lowered 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, August 30th. Finally, Barclays boosted their target price on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $430.74.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now 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. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Company 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.