DoubleLine ETF Adviser LP Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

DoubleLine ETF Adviser LP purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,355 shares of the specialty retailer’s stock, valued at approximately $523,000.

A number of other large investors have also bought and sold shares of the stock. Janiczek Wealth Management LLC grew its holdings in Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the period. Meeder Advisory Services Inc. grew its holdings in Ulta Beauty by 5.8% in the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares during the period. Sage Capital Advisors llc grew its holdings in Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares during the period. Wedmont Private Capital grew its holdings in Ulta Beauty by 2.9% in the first quarter. Wedmont Private Capital now owns 993 shares of the specialty retailer’s stock worth $519,000 after purchasing an additional 28 shares during the period. Finally, Greenleaf Trust grew its holdings in Ulta Beauty by 2.8% in the first quarter. Greenleaf Trust now owns 1,040 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Catherine Ann Halligan sold 100 shares of the business’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 value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $406.11 on Friday. The firm has a market cap of $19.14 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.30 and a beta of 1.31. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm’s 50-day simple moving average is $367.88 and its two-hundred day simple moving average is $404.90.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm posted $6.02 EPS. The business’s revenue was up .9% on a year-over-year basis. Analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ULTA shares. BMO Capital Markets reduced their price objective on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a report on Friday, August 30th. B. Riley started coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. DA Davidson reduced their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $425.29.

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.