AMP Capital Investors Ltd lifted its position in Ulta Beauty Inc (NASDAQ:ULTA) by 45.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,631 shares of the specialty retailer’s stock after acquiring an additional 7,727 shares during the period. AMP Capital Investors Ltd’s holdings in Ulta Beauty were worth $5,751,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ULTA. Huntington National Bank increased its position 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 worth $103,000 after acquiring an additional 240 shares in the last quarter. Altman Advisors Inc. increased its position in shares of Ulta Beauty by 315.5% in the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the second quarter worth approximately $151,000. Dupont Capital Management Corp purchased a new position in Ulta Beauty during the second quarter valued at approximately $162,000. Finally, Optimum Investment Advisors purchased a new position in Ulta Beauty during the first quarter valued at approximately $163,000. 90.68% of the stock is currently owned by institutional investors and hedge funds.
ULTA stock opened at $279.10 on Friday. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73. Ulta Beauty Inc has a 12 month low of $187.96 and a 12 month high of $290.30.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. sell-side analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.
In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now directly owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis K. Eck sold 10,900 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $250.57, for a total transaction of $2,731,213.00. Following the completion of the sale, the director now directly owns 386,794 shares of the company’s stock, valued at $96,918,972.58. The disclosure for this sale can be found here. Insiders sold 51,400 shares of company stock valued at $14,214,198 over the last three months. Insiders own 5.60% of the company’s stock.
A number of brokerages recently commented on ULTA. BMO Capital Markets boosted their price objective on shares of Ulta Beauty from $220.00 to $230.00 and gave the company a “market perform” rating in a research report on Friday, June 1st. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. OTR Global downgraded shares of Ulta Beauty to a “positive” rating in a research report on Wednesday, August 22nd. UBS Group boosted their price objective on shares of Ulta Beauty from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Piper Jaffray Companies set a $268.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $267.92.
About Ulta Beauty
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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