Attractiveness: Ulta Attractiveness, Inc. (NASDAQ:ULTA) Stocks Got by way of ProShare Advisors LLC

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ProShare Advisors LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 11.7% during the first quarter, Holdings Channel reports. The firm owned 11,986 shares of the specialty retailer’s stock after buying an additional 1,257 shares during the period. ProShare Advisors LLC’s holdings in Ulta Beauty were worth $4,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Asset Management Inc. increased its position in Ulta Beauty by 18.5% in the 1st quarter. National Asset Management Inc. now owns 3,050 shares of the specialty retailer’s stock valued at $1,216,000 after acquiring an additional 477 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in Ulta Beauty by 9.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 5,692 shares of the specialty retailer’s stock valued at $2,347,000 after acquiring an additional 487 shares during the period. Forsta AP Fonden increased its position in Ulta Beauty by 31.5% in the 1st quarter. Forsta AP Fonden now owns 21,300 shares of the specialty retailer’s stock valued at $8,482,000 after acquiring an additional 5,100 shares during the period. Cornercap Investment Counsel Inc. increased its position in Ulta Beauty by 11.3% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 5,343 shares of the specialty retailer’s stock valued at $2,128,000 after acquiring an additional 544 shares during the period. Finally, Swiss National Bank increased its position in Ulta Beauty by 13.9% in the 1st quarter. Swiss National Bank now owns 223,636 shares of the specialty retailer’s stock valued at $89,056,000 after acquiring an additional 27,300 shares during the period. 89.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ULTA has been the topic of several analyst reports. Robert W. Baird raised their target price on Ulta Beauty from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Friday, May 27th. Credit Suisse Group increased their price target on Ulta Beauty from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Wednesday, June 15th. Citigroup increased their price target on Ulta Beauty from $393.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, May 31st. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $460.00 to $480.00 in a research note on Friday, May 27th. Finally, Piper Sandler increased their price target on Ulta Beauty from $465.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, May 27th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $460.05.

Insider Buying and Selling

In related news, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the sale, the director now directly owns 2,393 shares in the company, valued at $937,673.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Kecia Steelman sold 13,199 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $405.02, for a total value of $5,345,858.98. Following the sale, the chief operating officer now directly owns 16,627 shares of the company’s stock, valued at $6,734,267.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of the firm’s stock in a transaction dated Monday, June 13th. The shares were 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 directly owns 2,393 shares in the company, valued at $937,673.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,207 shares of company stock worth $19,411,502. Corporate insiders own 2.00% of the company’s stock.

Ulta Beauty Stock Up 1.0 %

Shares of Ulta Beauty stock opened at $401.31 on Wednesday. The stock has a market cap of $20.80 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.88 and a beta of 1.45. The business has a fifty day simple moving average of $392.52 and a 200-day simple moving average of $390.51. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $438.63.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $1.86. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company earned $4.10 earnings per share. Ulta Beauty’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts expect that Ulta Beauty, Inc. will post 20.17 EPS for the current fiscal year.

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.