Isthmus Partners LLC Acquires 5,640 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Isthmus Partners LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,832 shares of the specialty retailer’s stock after acquiring an additional 5,640 shares during the period. Ulta Beauty accounts for about 4.4% of Isthmus Partners LLC’s portfolio, making the stock its 12th biggest holding. Isthmus Partners LLC owned approximately 0.06% of Ulta Beauty worth $11,511,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ULTA. Benjamin F. Edwards & Company Inc. boosted 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 valued at $70,000 after buying an additional 70 shares during the last quarter. National Bank of Canada FI boosted its stake in Ulta Beauty by 39.5% during the fourth quarter. National Bank of Canada FI now owns 19,039 shares of the specialty retailer’s stock valued at $9,260,000 after buying an additional 5,391 shares during the last quarter. Private Advisor Group LLC boosted its stake in Ulta Beauty by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 5,842 shares of the specialty retailer’s stock valued at $2,863,000 after buying an additional 243 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Ulta Beauty by 9.9% during the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ulta Beauty by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 289,442 shares of the specialty retailer’s stock valued at $141,824,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays upped their price objective on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Raymond James downgraded Ulta Beauty from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $500.00 to $450.00 in a research report on Friday, August 30th. Jefferies Financial Group reduced their price target on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Wells Fargo & Company reduced their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Finally, Bank of America reduced their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average price target of $430.74.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the firm’s 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 sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, 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. Insiders own 0.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA traded up $3.81 during midday trading on Friday, hitting $367.59. 1,077,258 shares of the company traded hands, compared to its average volume of 928,084. The company has a market cap of $17.54 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.05 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 company’s 50-day simple moving average is $369.52 and its 200-day simple moving average is $420.22.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $6.02 EPS. On average, research analysts predict 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.