Oppenheimer Asset Management Inc. Invests $7.94 Million in Ulta Beauty Inc. (ULTA)

Oppenheimer Asset Management Inc. purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,844 shares of the specialty retailer’s stock, valued at approximately $7,941,000.

Several other large investors have also recently made changes to their positions in ULTA. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $112,000. Fifth Third Bancorp raised its stake in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $120,000. Advantage Investment Management LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $144,000. Finally, NEXT Financial Group Inc raised its stake in shares of Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 86 shares during the period. 86.20% of the stock is currently owned by institutional investors and hedge funds.

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

Ulta Beauty Inc. (ULTA) opened at 284.71 on Monday. The firm has a market capitalization of $17.66 billion, a P/E ratio of 39.98 and a beta of 0.58. The firm has a 50-day moving average price of $298.78 and a 200 day moving average price of $278.99. Ulta Beauty Inc. has a one year low of $225.13 and a one year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $1.45 EPS. The company’s revenue was up 22.4% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty Inc. will post $8.32 earnings per share for the current year.

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Several brokerages have recently commented on ULTA. Cowen and Company reissued an “outperform” rating and set a $311.00 price target (up previously from $296.00) on shares of Ulta Beauty in a research note on Monday, March 13th. Morgan Stanley reissued an “equal weight” rating and set a $300.00 price target (up previously from $290.00) on shares of Ulta Beauty in a research note on Monday, March 13th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC set a $266.00 price target on Ulta Beauty and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $295.00 price target on shares of Ulta Beauty in a research note on Saturday, March 11th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $323.78.

In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David C. Kimbell sold 14,335 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $284.99, for a total transaction of $4,085,331.65. Following the completion of the transaction, the insider now directly owns 16,731 shares of the company’s stock, valued at approximately $4,768,167.69. The disclosure for this sale can be found here. Insiders sold a total of 46,511 shares of company stock valued at $13,724,987 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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