Great Lakes Advisors LLC Has $1.77 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

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Great Lakes Advisors LLC lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 78.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,453 shares of the specialty retailer’s stock after selling 16,006 shares during the period. Great Lakes Advisors LLC’s holdings in Ulta Beauty were worth $1,773,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $27,000. Bank of New Hampshire purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Benjamin Edwards Inc. purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $37,000. MCF Advisors LLC purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $41,000. Finally, O Dell Group LLC boosted its position in shares of Ulta Beauty by 2,000.0% during the first quarter. O Dell Group LLC now owns 105 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ULTA shares. Raymond James raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $475.00 to $485.00 in a research report on Wednesday, June 29th. Piper Sandler lifted their price target on Ulta Beauty from $465.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, May 27th. Credit Suisse Group lifted their price target on Ulta Beauty from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Wednesday, June 15th. Citigroup lifted their price target on Ulta Beauty from $393.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, May 31st. Finally, StockNews.com upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $460.05.

Ulta Beauty Stock Up 1.5 %

Ulta Beauty stock opened at $377.80 on Monday. Ulta Beauty, Inc. has a 52 week low of $330.80 and a 52 week high of $438.63. The business has a 50-day simple moving average of $396.53 and a 200 day simple moving average of $387.76. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.77 and a beta of 1.45.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $1.86. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned $4.10 EPS. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 20.07 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 476 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares of the company’s stock, valued at approximately $937,673.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director George R. Mrkonic, Jr. sold 476 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares of the company’s stock, valued at approximately $937,673.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott M. Settersten sold 32,532 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $426.63, for a total value of $13,879,127.16. Following the completion of the sale, the chief financial officer now directly owns 14,037 shares of the company’s stock, valued at approximately $5,988,605.31. The disclosure for this sale can be found here. In the last three months, insiders sold 46,207 shares of company stock worth $19,411,502. 2.00% of the stock is currently owned by corporate insiders.

Ulta Beauty Profile

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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