Buckley Wealth Management LLC Purchases New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Buckley Wealth Management LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 489 shares of the specialty retailer’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently modified their holdings of ULTA. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ulta Beauty by 3,128.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,374,895 shares of the specialty retailer’s stock valued at $39,384,000 after purchasing an additional 2,301,338 shares in the last quarter. State Street Corp boosted its stake in shares of Ulta Beauty by 1.4% during the 1st quarter. State Street Corp now owns 1,997,828 shares of the specialty retailer’s stock valued at $1,090,149,000 after buying an additional 27,840 shares during the last quarter. FMR LLC grew its position in shares of Ulta Beauty by 22.2% during the first quarter. FMR LLC now owns 1,652,512 shares of the specialty retailer’s stock worth $901,726,000 after buying an additional 299,970 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Ulta Beauty by 125.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock worth $717,932,000 after buying an additional 852,258 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ULTA. StockNews.com began coverage on shares of Ulta Beauty in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Oppenheimer restated an “outperform” rating and set a $540.00 price objective on shares of Ulta Beauty in a research note on Friday, August 25th. Stifel Nicolaus decreased their target price on Ulta Beauty from $525.00 to $475.00 in a research report on Friday, May 26th. Wells Fargo & Company upped their price target on Ulta Beauty from $350.00 to $375.00 and gave the company an “underweight” rating in a research report on Friday, August 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ulta Beauty from $570.00 to $571.00 and gave the company a “buy” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $545.13.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $407.89 on Tuesday. The firm has a market capitalization of $20.08 billion, a PE ratio of 16.37, a P/E/G ratio of 1.83 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $373.80 and a 12 month high of $556.60. The company’s 50 day simple moving average is $440.89 and its 200 day simple moving average is $476.35.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.17. Ulta Beauty had a return on equity of 63.51% and a net margin of 11.77%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $5.70 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 25.38 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.