iA Global Asset Management Inc. Has $1.11 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

iA Global Asset Management Inc. lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 164.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,864 shares of the specialty retailer’s stock after buying an additional 1,779 shares during the quarter. iA Global Asset Management Inc.’s holdings in Ulta Beauty were worth $1,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. 1832 Asset Management L.P. grew its holdings in Ulta Beauty by 120.2% in the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock valued at $7,079,000 after buying an additional 7,887 shares in the last quarter. Duality Advisers LP raised its stake in Ulta Beauty by 92.8% in the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after purchasing an additional 3,504 shares in the last quarter. Warther Private Wealth LLC bought a new stake in Ulta Beauty in the 4th quarter valued at about $6,023,000. Broad Bay Capital Management LP acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after buying an additional 8,337 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $352.84 on Friday. The stock has a market capitalization of $16.84 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.75 and a beta of 1.37. The business has a 50 day simple moving average of $372.83 and a 200 day simple moving average of $427.31. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 EPS. Equities analysts expect that Ulta Beauty, Inc. will post 25.48 earnings per share for the current year.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was 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 of the company’s stock, valued at $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly 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. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Citigroup cut their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday. BMO Capital Markets lowered their price target on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a report on Friday. Piper Sandler restated a “neutral” rating and set a $356.00 price objective (down from $404.00) on shares of Ulta Beauty in a research report on Friday. Finally, TD Cowen decreased their target price on Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $436.83.

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.