IFG Advisory LLC Takes $260,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

IFG Advisory LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 673 shares of the specialty retailer’s stock, valued at approximately $260,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Vima LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $30,000. Sound Income Strategies LLC lifted its stake in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ULTA shares. The Goldman Sachs Group reduced their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. UBS Group reduced their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI reduced their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $434.65.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the 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 sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 2,017 shares in the company, 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 Trading Down 4.0 %

Shares of ULTA opened at $352.84 on Tuesday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a 50-day moving average price of $371.48 and a 200 day moving average price of $423.42. The firm has a market capitalization of $16.63 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.04 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $6.02 EPS. Equities research analysts predict that Ulta Beauty, Inc. will post 23.03 earnings per share 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.