Sanctuary Advisors LLC Invests $1.50 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sanctuary Advisors LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,691 shares of the specialty retailer’s stock, valued at approximately $1,500,000.

A number of other large investors also recently modified their holdings of the stock. Janiczek Wealth Management LLC lifted its position in shares of Ulta Beauty by 32.5% during 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 in the last quarter. Meeder Advisory Services Inc. lifted 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 valued at $250,000 after buying an additional 26 shares during the period. Sage Capital Advisors llc lifted 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 valued at $203,000 after buying an additional 27 shares during the period. Wedmont Private Capital lifted 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 valued at $519,000 after buying an additional 28 shares during the period. Finally, Greenleaf Trust lifted 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 valued at $544,000 after buying an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ULTA. Evercore ISI cut their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Loop Capital cut their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Finally, TD Cowen cut their target price on shares of Ulta Beauty from $395.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $424.08.

Ulta Beauty Trading Down 1.3 %

Ulta Beauty stock opened at $359.80 on Thursday. The company has a market cap of $16.95 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a fifty day simple moving average of $368.68 and a 200 day simple moving average of $393.95.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results 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). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $6.02 EPS. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Ulta Beauty 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.