Wedbush Securities Inc. increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 6,998 shares of the specialty retailer’s stock after buying an additional 165 shares during the period. Wedbush Securities Inc.’s holdings in Ulta Beauty were worth $2,011,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ULTA. Sigma Planning Corp increased its stake in shares of Ulta Beauty by 30.6% in the second quarter. Sigma Planning Corp now owns 1,145 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 268 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Ulta Beauty by 1.9% in the second quarter. Rhumbline Advisers now owns 112,699 shares of the specialty retailer’s stock valued at $32,383,000 after buying an additional 2,071 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Ulta Beauty by 39.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 6,377 shares of the specialty retailer’s stock valued at $1,892,000 after buying an additional 1,818 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ulta Beauty by 7.3% in the second quarter. First Trust Advisors LP now owns 85,576 shares of the specialty retailer’s stock valued at $24,589,000 after buying an additional 5,837 shares in the last quarter. Finally, Summit Securities Group LLC increased its stake in shares of Ulta Beauty by 296.8% in the second quarter. Summit Securities Group LLC now owns 7,856 shares of the specialty retailer’s stock valued at $2,257,000 after buying an additional 5,876 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.
Ulta Beauty Inc. (NASDAQ ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 52 week low of $225.13 and a 52 week high of $314.86. The firm has a market capitalization of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57. The firm has a 50-day moving average of $262.09 and a 200 day moving average of $279.55.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. Analysts predict that Ulta Beauty Inc. will post $8.32 earnings per share for the current year.
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Several brokerages have recently weighed in on ULTA. Oppenheimer Holdings, Inc. downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $330.00 to $270.00 in a research report on Tuesday. Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday. CIBC restated a “market perform” rating on shares of Ulta Beauty in a research report on Monday, July 31st. Cowen and Company set a $336.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating and set a $345.00 price objective on shares of Ulta Beauty in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $319.05.
In other news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the transaction, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 4,717 shares in the company, valued at $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company 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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