Dimensional Fund Advisors LP raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 229,793 shares of the specialty retailer’s stock after purchasing an additional 15,792 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of Ulta Beauty worth $66,028,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ULTA. Fifth Third Bancorp grew its stake in Ulta Beauty by 11.2% during the 1st quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Ulta Beauty during the 1st quarter valued at about $142,000. Lazard Asset Management LLC purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $157,000. Copper Rock Capital Partners LLC grew its stake in Ulta Beauty by 316.8% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock valued at $215,000 after purchasing an additional 640 shares during the last quarter. Finally, M Holdings Securities Inc. purchased a new stake in Ulta Beauty during the 1st quarter valued at about $228,000. Institutional investors and hedge funds own 87.91% of the company’s stock.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 190.16 on Friday. Ulta Beauty Inc. has a 1-year low of $189.50 and a 1-year high of $314.86. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.31 and a beta of 0.57. The firm’s 50-day moving average price is $221.09 and its 200 day moving average price is $263.66.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $1.43 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
ULTA has been the topic of several research analyst reports. BidaskClub downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a “hold” rating and issued a $300.00 price objective on shares of Ulta Beauty in a report on Monday, June 26th. Wells Fargo & Company reissued a “market perform” rating and issued a $290.00 price objective on shares of Ulta Beauty in a report on Wednesday, July 5th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective for the company in a report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $281.76.
In related news, Director Michael R. Macdonald purchased 2,000 shares of Ulta Beauty stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the transaction, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by company insiders.
About Ulta Beauty
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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