Everence Capital Management Inc. continued to hold its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,400 shares of the specialty retailer’s stock at the end of the second quarter. Everence Capital Management Inc.’s holdings in Ulta Beauty were worth $402,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Ulta Beauty by 3.3% in the first quarter. Bank of Montreal Can now owns 26,495 shares of the specialty retailer’s stock worth $7,558,000 after buying an additional 845 shares during the last quarter. Boston Advisors LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $586,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth about $308,000. State of Alaska Department of Revenue acquired a new stake in shares of Ulta Beauty during the first quarter worth about $595,000. Finally, Retirement Systems of Alabama increased its stake in shares of Ulta Beauty by 1.8% in the first quarter. Retirement Systems of Alabama now owns 28,277 shares of the specialty retailer’s stock worth $8,065,000 after buying an additional 489 shares during the last quarter. 85.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at 234.21 on Tuesday. The firm has a 50-day moving average of $254.48 and a 200 day moving average of $278.39. Ulta Beauty Inc. has a 52 week low of $225.13 and a 52 week high of $314.86. The stock has a market cap of $14.53 billion, a PE ratio of 32.89 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.
ULTA has been the subject of a number of recent research reports. Jefferies Group LLC set a $266.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, April 27th. Piper Jaffray Companies reissued an “overweight” rating and set a $314.00 price objective on shares of Ulta Beauty in a research report on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $330.00 price objective (up previously from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $316.16.
In other news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Monday, June 5th. The shares were 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 $1,288,797.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is 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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