Wendell David Associates Inc. increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,291 shares of the specialty retailer’s stock after buying an additional 16 shares during the period. Wendell David Associates Inc.’s holdings in Ulta Beauty were worth $371,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ULTA. Vanguard Group Inc. increased its position in Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock worth $1,587,143,000 after buying an additional 163,839 shares during the period. BlackRock Inc. increased its stake 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 buying an additional 3,866,567 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock valued at $642,869,000 after buying an additional 55,789 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock valued at $447,047,000 after buying an additional 17,380 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 buying an additional 316,898 shares during the period. Institutional investors own 85.63% of the company’s stock.
Ulta Beauty Inc. (NASDAQ ULTA) traded up 1.69% during midday trading on Friday, hitting $251.05. The company had a trading volume of 385,940 shares. The stock has a 50 day moving average of $262.09 and a 200 day moving average of $279.55. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 35.25 and a beta of 0.57. Ulta Beauty Inc. has a 52-week low of $225.13 and a 52-week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty Inc. will post $8.32 EPS for the current year.
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Several equities analysts have recently commented on ULTA shares. Stifel Nicolaus reiterated a “hold” rating and set a $325.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Jefferies Group LLC upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $266.00 to $350.00 in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Morgan Stanley increased their price target on shares of Ulta Beauty from $300.00 to $313.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 31st. Finally, Guggenheim initiated coverage on shares of Ulta Beauty in a research report on Tuesday, June 13th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $319.05.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 5th. The stock was 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 directly owns 4,126 shares in the company, valued at $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the transaction, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
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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