Ulta Beauty Inc (NASDAQ:ULTA) Shares Purchased by Shine Investment Advisory Services Inc.

Shine Investment Advisory Services Inc. boosted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 75.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130 shares of the specialty retailer’s stock after acquiring an additional 56 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Ulta Beauty were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. raised its stake in shares of Ulta Beauty by 19.9% in the fourth quarter. Comerica Securities Inc. now owns 1,381 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 229 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ulta Beauty by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,664 shares of the specialty retailer’s stock worth $74,098,000 after purchasing an additional 10,616 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ulta Beauty by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after purchasing an additional 62,309 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Ulta Beauty in the fourth quarter worth about $370,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Ulta Beauty by 5.1% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,533 shares of the specialty retailer’s stock worth $6,812,000 after purchasing an additional 944 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on ULTA. UBS Group raised their price objective on Ulta Beauty from $370.00 to $390.00 and gave the stock a “top pick” rating in a research note on Thursday, July 25th. Piper Jaffray Companies set a $360.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, May 31st. ValuEngine cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Ulta Beauty from $345.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Deutsche Bank raised their price objective on Ulta Beauty from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $353.39.

In other news, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $343.02, for a total value of $137,208.00. Following the completion of the sale, the director now directly owns 2,811 shares in the company, valued at $964,229.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sally E. Blount sold 315 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $359.28, for a total value of $113,173.20. Following the completion of the sale, the director now owns 989 shares of the company’s stock, valued at $355,327.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,715 shares of company stock valued at $958,441. 4.20% of the stock is owned by company insiders.

ULTA stock traded up $0.79 during trading on Wednesday, hitting $341.07. 277,965 shares of the company traded hands, compared to its average volume of 661,072. The stock’s 50-day moving average is $349.52. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $19.70 billion, a P/E ratio of 31.44, a PEG ratio of 1.43 and a beta of 0.96. Ulta Beauty Inc has a 1 year low of $224.43 and a 1 year high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.02. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. Ulta Beauty’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $2.70 earnings per share. Research analysts predict that Ulta Beauty Inc will post 12.77 earnings per share 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, 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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