Bank of America Corp DE Raises Holdings in Ulta Beauty Inc (ULTA)

Bank of America Corp DE raised its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 580,901 shares of the specialty retailer’s stock after purchasing an additional 25,473 shares during the period. Bank of America Corp DE owned 0.97% of Ulta Beauty worth $135,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Profund Advisors LLC lifted its holdings in shares of Ulta Beauty by 3.8% in the first quarter. Profund Advisors LLC now owns 5,590 shares of the specialty retailer’s stock valued at $1,142,000 after purchasing an additional 204 shares in the last quarter. First National Bank of Omaha raised its position in shares of Ulta Beauty by 0.5% in the second quarter. First National Bank of Omaha now owns 43,749 shares of the specialty retailer’s stock valued at $7,303,000 after buying an additional 223 shares during the last quarter. Huntington National Bank raised 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 valued at $103,000 after buying an additional 240 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Ulta Beauty by 1.9% in the second quarter. Alpine Woods Capital Investors LLC now owns 13,502 shares of the specialty retailer’s stock valued at $3,152,000 after buying an additional 250 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Ulta Beauty by 1.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,761 shares of the specialty retailer’s stock valued at $3,913,000 after buying an additional 259 shares during the last quarter. 90.71% of the stock is currently owned by institutional investors.

In other news, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the transaction, the director now directly owns 3,628 shares in the company, valued at $1,021,282. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the transaction, the director now owns 7,923 shares in the company, valued at $2,188,253.37. The disclosure for this sale can be found here. Insiders sold 68,407 shares of company stock valued at $19,580,698 over the last 90 days. Insiders own 5.60% of the company’s stock.

ULTA opened at $273.49 on Tuesday. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. Ulta Beauty Inc has a 52-week low of $187.96 and a 52-week high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.05. The business 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%. As a group, sell-side analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current year.

ULTA has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. UBS Group dropped their price target on shares of Ulta Beauty from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Wells Fargo & Co set a $278.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 20th. Jefferies Financial Group set a $285.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, ValuEngine raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty currently has an average rating of “Buy” and an average target price of $269.52.

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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