Ulta Beauty Inc. $ULTA Shares Bought by Fulcrum Capital LLC

Fulcrum Capital LLC raised its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,380 shares of the specialty retailer’s stock after purchasing an additional 163 shares during the quarter. Ulta Beauty comprises 1.8% of Fulcrum Capital LLC’s investment portfolio, making the stock its 19th biggest position. Fulcrum Capital LLC’s holdings in Ulta Beauty were worth $8,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ULTA. Price T Rowe Associates Inc. MD boosted its holdings in Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after purchasing an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after acquiring an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 64.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after acquiring an additional 366,147 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after acquiring an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Ulta Beauty by 237.7% in the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after acquiring an additional 190,353 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the sale, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Stock Down 2.1%

Shares of ULTA opened at $549.28 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The firm’s 50 day moving average price is $528.22 and its 200 day moving average price is $463.92. The company has a market cap of $24.63 billion, a P/E ratio of 21.06, a PEG ratio of 3.09 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm posted $5.30 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Citigroup upped their price objective on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Barclays upped their price objective on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Loop Capital restated a “hold” rating and issued a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. Finally, Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $549.33.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.