Ulta Beauty Inc (ULTA) Holdings Decreased by Oak Ridge Investments LLC

Oak Ridge Investments LLC reduced its position in Ulta Beauty Inc (NASDAQ:ULTA) by 1.8% in the first quarter, HoldingsChannel.com reports. The firm owned 60,217 shares of the specialty retailer’s stock after selling 1,133 shares during the period. Ulta Beauty accounts for approximately 1.3% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Oak Ridge Investments LLC’s holdings in Ulta Beauty were worth $20,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. boosted its position in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Motco bought a new position in shares of Ulta Beauty during the first quarter worth $29,000. Hudock Capital Group LLC bought a new position in shares of Ulta Beauty during the first quarter worth $34,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Ulta Beauty by 74.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 69 shares during the last quarter. Finally, NuWave Investment Management LLC bought a new position in shares of Ulta Beauty during the first quarter worth $49,000. Institutional investors and hedge funds own 89.57% of the company’s stock.

Shares of ULTA opened at $335.10 on Friday. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $359.69. The firm has a market capitalization of $20.13 billion, a PE ratio of 30.88, a PEG ratio of 1.50 and a beta of 0.99.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty Inc will post 12.79 EPS for the current year.

A number of equities research analysts recently issued reports on ULTA shares. Oppenheimer upped their price target on shares of Ulta Beauty to $400.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Loop Capital upped their price target on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Monday, March 4th. UBS Group upped their price target on shares of Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Nomura reaffirmed a “neutral” rating and set a $311.00 price target (up previously from $305.00) on shares of Ulta Beauty in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Buy” and an average price target of $343.29.

In other news, insider Jeffrey J. Childs sold 9,757 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $333.89, for a total value of $3,257,764.73. Following the sale, the insider now owns 13,671 shares of the company’s stock, valued at $4,564,610.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 704 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $342.97, for a total transaction of $241,450.88. Following the completion of the sale, the director now directly owns 10,423 shares in the company, valued at approximately $3,574,776.31. The disclosure for this sale can be found here. In the last three months, insiders sold 426,250 shares of company stock worth $143,394,373. Insiders own 5.60% of the company’s stock.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, 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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