SVA Wealth Management LLC Has $1.28 Million Stake in Ulta Beauty Inc (NASDAQ:ULTA)

SVA Wealth Management LLC trimmed its position in Ulta Beauty Inc (NASDAQ:ULTA) by 23.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,701 shares of the specialty retailer’s stock after selling 1,158 shares during the quarter. SVA Wealth Management LLC’s holdings in Ulta Beauty were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Advisors LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $26,000. Commonwealth Bank of Australia grew its stake in shares of Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 38 shares during the last quarter. Next Capital Management LLC grew its stake in shares of Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 29 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Ulta Beauty during the second quarter valued at about $34,000. Institutional investors and hedge funds own 87.80% of the company’s stock.

Shares of Ulta Beauty stock traded down $0.77 during trading on Monday, reaching $226.09. 594,630 shares of the company’s stock were exchanged, compared to its average volume of 2,441,650. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.80. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $368.83. The company has a market cap of $13.31 billion, a P/E ratio of 20.84, a PEG ratio of 1.10 and a beta of 1.07. The firm’s 50-day moving average price is $307.66 and its 200 day moving average price is $333.05.



Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm posted $2.46 EPS. Ulta Beauty’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that Ulta Beauty Inc will post 11.81 EPS for the current year.

In other Ulta Beauty news, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $359.28, for a total transaction of $113,173.20. Following the transaction, the director now directly owns 989 shares of the company’s stock, valued at $355,327.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.

A number of equities analysts have commented on ULTA shares. UBS Group dropped their target price on shares of Ulta Beauty from $365.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. ValuEngine downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 target price on the stock in a research note on Monday, May 20th. Guggenheim set a $325.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Loop Capital set a $270.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Ulta Beauty has an average rating of “Hold” and an average target price of $303.10.

Ulta Beauty Profile

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

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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