State Board of Administration of Florida Retirement System Acquires 578 Shares of Ulta Beauty Inc (NASDAQ:ULTA)

State Board of Administration of Florida Retirement System increased its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 79,207 shares of the specialty retailer’s stock after acquiring an additional 578 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Ulta Beauty worth $27,476,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. NEXT Financial Group Inc lifted its stake in shares of Ulta Beauty by 42.0% during the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the last quarter. BancorpSouth Bank raised its position in Ulta Beauty by 2.6% during the 2nd quarter. BancorpSouth Bank now owns 1,226 shares of the specialty retailer’s stock valued at $426,000 after purchasing an additional 31 shares in the last quarter. Moors & Cabot Inc. raised its position in Ulta Beauty by 4.2% during the 1st quarter. Moors & Cabot Inc. now owns 972 shares of the specialty retailer’s stock valued at $340,000 after purchasing an additional 39 shares in the last quarter. Altman Advisors Inc. raised its position in Ulta Beauty by 0.8% during the 2nd quarter. Altman Advisors Inc. now owns 5,589 shares of the specialty retailer’s stock valued at $1,939,000 after purchasing an additional 47 shares in the last quarter. Finally, Advantage Investment Management LLC raised its position in Ulta Beauty by 67.1% during the 2nd quarter. Advantage Investment Management LLC now owns 117 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 47 shares in the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $343.02, for a total transaction of $137,208.00. Following the transaction, the director now directly owns 2,811 shares in the company, valued at approximately $964,229.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sally E. Blount sold 315 shares of the business’s stock in a transaction on Friday, June 21st. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders sold 2,715 shares of company stock valued at $958,441. Corporate insiders own 4.20% of the company’s stock.

Shares of ULTA traded down $8.25 during trading hours on Friday, hitting $326.62. The company had a trading volume of 179,856 shares, compared to its average volume of 682,478. The company has a market capitalization of $19.08 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. Ulta Beauty Inc has a one year low of $224.43 and a one year high of $368.83. The company’s fifty day moving average price is $344.85 and its two-hundred day moving average price is $336.87.

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

A number of equities research analysts have weighed in on ULTA shares. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 target price for the company in a research report on Monday, May 20th. Morgan Stanley lifted their target price on Ulta Beauty from $375.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Piper Jaffray Companies set a $360.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. BidaskClub lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, OTR Global lowered Ulta Beauty to a “positive” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and an average target price of $354.50.

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.

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

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