Ulta Beauty Inc (NASDAQ:ULTA) is Montag & Caldwell LLC’s 10th Largest Position

Montag & Caldwell LLC lowered its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,419 shares of the specialty retailer’s stock after selling 6,686 shares during the period. Ulta Beauty accounts for 3.5% of Montag & Caldwell LLC’s investment portfolio, making the stock its 10th biggest holding. Montag & Caldwell LLC owned approximately 0.33% of Ulta Beauty worth $67,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. NEXT Financial Group Inc grew its stake in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 29 shares in the last quarter. BancorpSouth Bank grew its stake in Ulta Beauty by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 1,226 shares of the specialty retailer’s stock valued at $426,000 after buying an additional 31 shares in the last quarter. Shine Investment Advisory Services Inc. grew its stake in Ulta Beauty by 85.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 34 shares in the last quarter. Moors & Cabot Inc. grew its stake in Ulta Beauty by 4.2% in the 1st quarter. Moors & Cabot Inc. now owns 972 shares of the specialty retailer’s stock valued at $340,000 after buying an additional 39 shares in the last quarter. Finally, Altman Advisors Inc. grew its stake in Ulta Beauty by 0.8% in the 2nd quarter. Altman Advisors Inc. now owns 5,589 shares of the specialty retailer’s stock valued at $1,939,000 after buying an additional 47 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

In other Ulta Beauty news, Director Sally E. Blount sold 315 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $359.28, for a total value of $113,173.20. Following the transaction, the director now owns 989 shares in the company, valued at $355,327.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $354.03, for a total transaction of $708,060.00. Following the completion of the transaction, the director now owns 8,368 shares in the company, valued at approximately $2,962,523.04. The disclosure for this sale can be found here. Insiders sold 2,715 shares of company stock valued at $958,441 over the last three months. 4.20% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on ULTA shares. BidaskClub lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. ValuEngine lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective (up from $350.00) on shares of Ulta Beauty in a research note on Tuesday, May 14th. Deutsche Bank lifted their price objective on shares of Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley lifted their price objective on shares of Ulta Beauty from $375.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $353.39.

Shares of NASDAQ ULTA traded up $1.09 during mid-day trading on Thursday, reaching $322.09. 572,811 shares of the company were exchanged, compared to its average volume of 669,312. Ulta Beauty Inc has a 52 week low of $224.43 and a 52 week high of $368.83. The company has a quick ratio of 0.74, a current ratio of 1.93 and a debt-to-equity ratio of 0.85. The stock has a market cap of $19.67 billion, a PE ratio of 29.69, a PEG ratio of 1.43 and a beta of 0.96. The stock has a 50 day moving average of $348.03.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $2.70 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that Ulta Beauty Inc will post 12.77 EPS for the current year.

Ulta Beauty Company 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.

Further Reading: Futures Contract

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

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