Gallacher Capital Management LLC Acquires New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Gallacher Capital Management LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 551 shares of the specialty retailer’s stock, valued at approximately $213,000.

A number of other large investors also recently bought and sold shares of ULTA. Benjamin F. Edwards & Company Inc. lifted its stake in Ulta Beauty by 95.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 143 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 70 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Ulta Beauty by 9.9% in the 4th quarter. Apollon Wealth Management LLC now owns 955 shares of the specialty retailer’s stock valued at $468,000 after buying an additional 86 shares during the period. Principal Securities Inc. acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $743,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $1,334,000. Finally, Principal Financial Group Inc. raised its stake in Ulta Beauty by 93.5% during the fourth quarter. Principal Financial Group Inc. now owns 134,954 shares of the specialty retailer’s stock worth $66,126,000 after acquiring an additional 65,225 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ULTA. DA Davidson decreased their target price on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. UBS Group reduced their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Jefferies Financial Group dropped their target price 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. Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $430.74.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of the 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 transaction, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ulta Beauty 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 transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction 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 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. 0.39% of the stock is owned by insiders.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $367.59 on Monday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market capitalization of $17.32 billion, a P/E ratio of 14.34, a PEG ratio of 2.10 and a beta of 1.31. The company’s 50 day simple moving average is $369.52 and its 200 day simple moving average is $418.53.

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

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.