Tredje AP fonden boosted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 24.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,340 shares of the specialty retailer’s stock after purchasing an additional 1,230 shares during the quarter. Tredje AP fonden’s holdings in Ulta Beauty were worth $1,822,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after acquiring an additional 3,866,567 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Ulta Beauty by 28,419.1% in the second quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock valued at $1,990,000 after acquiring an additional 569,802 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Ulta Beauty by 1,786.4% in the first quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock valued at $128,253,000 after acquiring an additional 425,812 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock valued at $266,862,000 after acquiring an additional 316,898 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Ulta Beauty in the second quarter valued at approximately $62,832,000. Institutional investors own 88.01% of the company’s stock.
Several equities analysts have recently weighed in on the company. Buckingham Research downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the company from $325.00 to $330.00 in a research report on Friday, May 26th. Royal Bank Of Canada set a $310.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Sunday, May 28th. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, May 27th. Telsey Advisory Group restated an “outperform” rating and issued a $360.00 target price (up previously from $320.00) on shares of Ulta Beauty in a research report on Friday, May 26th. Finally, Robert W. Baird set a $325.00 target price on Ulta Beauty and gave the company an “outperform” rating in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and an average price target of $281.63.
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In other news, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.
Shares of Ulta Beauty Inc. (ULTA) opened at 228.60 on Tuesday. The stock has a 50 day moving average price of $238.38 and a 200-day moving average price of $273.65. The firm has a market capitalization of $14.16 billion, a PE ratio of 30.43 and a beta of 0.57. Ulta Beauty Inc. has a 52 week low of $204.01 and a 52 week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.
Ulta Beauty 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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