NorthCrest Asset Manangement LLC Boosts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

NorthCrest Asset Manangement LLC increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,641 shares of the specialty retailer’s stock after purchasing an additional 81 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ulta Beauty were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its position in shares of Ulta Beauty by 81.2% during the second quarter. Diversified Trust Co now owns 2,855 shares of the specialty retailer’s stock worth $1,102,000 after acquiring an additional 1,279 shares during the last quarter. Cooper Financial Group boosted its stake in shares of Ulta Beauty by 66.3% during the 2nd quarter. Cooper Financial Group now owns 690 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 275 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Ulta Beauty by 5.9% during the second quarter. Sequoia Financial Advisors LLC now owns 3,287 shares of the specialty retailer’s stock worth $1,268,000 after buying an additional 182 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Ulta Beauty by 28.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer’s stock worth $319,000 after buying an additional 183 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in Ulta Beauty in the second quarter valued at $538,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.2 %

Ulta Beauty stock traded down $4.02 during trading hours on Wednesday, hitting $327.54. The stock had a trading volume of 152,528 shares, compared to its average volume of 818,493. The company has a 50-day moving average of $376.88 and a two-hundred day moving average of $437.94. The company has a market cap of $15.63 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, beating the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.88 EPS. As a group, analysts forecast that Ulta Beauty, Inc. will post 25.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty 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 completion of the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction dated 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 sale, 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. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ULTA shares. BMO Capital Markets dropped their target price on shares of Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Bank of America reduced their target price on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Evercore ISI decreased their price objective on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Finally, TD Cowen dropped their target price on shares of Ulta Beauty from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.83.

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.