Zacks Investment Management grew its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,880 shares of the specialty retailer’s stock after acquiring an additional 308 shares during the quarter. Zacks Investment Management’s holdings in Ulta Beauty were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Ulta Beauty by 4.1% during the second quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after acquiring an additional 29,590 shares during the period. IFP Advisors Inc lifted its holdings in shares of Ulta Beauty by 13.6% during the second quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock valued at $737,000 after acquiring an additional 377 shares during the period. Capital One National Association bought a new position in shares of Ulta Beauty during the second quarter valued at $205,000. Atria Investments LLC bought a new position in shares of Ulta Beauty during the second quarter valued at $1,567,000. Finally, Emerald Advisers Inc. PA bought a new position in shares of Ulta Beauty during the second quarter valued at $1,141,000. 90.71% of the stock is owned by institutional investors.
In other news, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the transaction, the director now owns 3,628 shares in the company, valued at approximately $1,021,282. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated 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 transaction, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The disclosure for this sale can be found here. Insiders have sold a total of 68,407 shares of company stock valued at $19,580,698 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (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 analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. Equities research analysts predict that Ulta Beauty Inc will post 10.84 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ULTA. BidaskClub raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. OTR Global lowered Ulta Beauty to a “positive” rating in a research note on Wednesday, August 22nd. UBS Group raised their target price on Ulta Beauty from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Stifel Nicolaus lowered their target price on Ulta Beauty from $250.00 to $245.00 and set a “hold” rating for the company in a research note on Friday, August 24th. Finally, Jefferies Financial Group set a $285.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen 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 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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