Visionary Asset Management Inc. bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 906 shares of the specialty retailer’s stock, valued at approximately $212,000.
A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank increased its stake in shares of Ulta Beauty by 120.0% in the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 240 shares during the period. Optimum Investment Advisors acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $163,000. Capital One National Association acquired a new stake in shares of Ulta Beauty in the second quarter valued at about $205,000. Diversified Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $206,000. Finally, Delpha Capital Management LLC increased its stake in shares of Ulta Beauty by 250.8% in the first quarter. Delpha Capital Management LLC now owns 1,140 shares of the specialty retailer’s stock valued at $233,000 after buying an additional 815 shares during the period. Hedge funds and other institutional investors own 91.22% of the company’s stock.
Several brokerages have recently weighed in on ULTA. BMO Capital Markets increased their price target on Ulta Beauty from $220.00 to $230.00 and gave the company a “market perform” rating in a research note on Friday, June 1st. BidaskClub raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Oppenheimer raised Ulta Beauty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 15th. ValuEngine cut Ulta Beauty from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Finally, OTR Global raised Ulta Beauty to a “positive” rating in a research note on Monday, May 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $265.20.
In related news, CFO Scott M. Settersten sold 7,032 shares of Ulta Beauty stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $253.09, for a total transaction of $1,779,728.88. Following the sale, the chief financial officer now directly owns 9,380 shares in the company, valued at $2,373,984.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles J. Philippin sold 50,000 shares of Ulta Beauty stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $251.00, for a total value of $12,550,000.00. Following the sale, the director now owns 130,923 shares in the company, valued at $32,861,673. The disclosure for this sale can be found here. Insiders sold 80,432 shares of company stock worth $20,206,877 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Shares of Ulta Beauty traded up $0.37, reaching $236.52, during trading hours on Friday, MarketBeat reports. The company had a trading volume of 585,820 shares, compared to its average volume of 679,252. Ulta Beauty Inc has a 12 month low of $187.96 and a 12 month high of $261.40. The firm has a market capitalization of $14.21 billion, a PE ratio of 26.50, a P/E/G ratio of 1.17 and a beta of 0.72.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.22. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $1.91 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. research analysts expect that Ulta Beauty Inc will post 10.84 EPS for the current year.
Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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