Rhumbline Advisers raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 112,699 shares of the specialty retailer’s stock after buying an additional 2,071 shares during the period. Rhumbline Advisers’ holdings in Ulta Beauty were worth $32,383,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 valued at $1,587,143,000 after buying an additional 163,839 shares during the last quarter. BlackRock Inc. raised its stake in 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 raised its stake in 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 raised its stake in 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. raised its stake in 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 last quarter. Hedge funds and other institutional investors own 85.68% of the company’s stock.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 251.05 on Monday. The company 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 Inc. has a 12 month low of $225.13 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, equities research analysts expect that Ulta Beauty Inc. will post $8.32 earnings per share for the current fiscal year.
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ULTA has been the subject of several recent research reports. Edward Jones lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Buckingham Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price target for the company from $325.00 to $330.00 in a report on Friday, May 26th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price target for the company in a report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and set a $325.00 price target (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a report on Sunday, May 28th. 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 currently has an average rating of “Hold” and an average target price of $319.05.
In other news, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the sale, the director now owns 4,717 shares in the company, valued at $1,457,788.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction 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 sale, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate 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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