Hendershot Investments Inc. grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,018 shares of the specialty retailer’s stock after purchasing an additional 959 shares during the quarter. Ulta Beauty makes up approximately 1.2% of Hendershot Investments Inc.’s investment portfolio, making the stock its 26th largest position. Hendershot Investments Inc.’s holdings in Ulta Beauty were worth $8,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc increased its position in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after acquiring an additional 76,721 shares during the period. Norges Bank bought a new position in Ulta Beauty during the 4th quarter worth about $263,192,000. Boston Partners increased its position in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the period. Bessemer Group Inc. lifted its position in shares of Ulta Beauty by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after purchasing an additional 4,344 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter worth approximately $176,753,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Trading Up 1.1 %
Shares of ULTA stock opened at $363.78 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a 50 day moving average of $369.89 and a 200 day moving average of $421.36. The stock has a market cap of $17.14 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.04 and a beta of 1.31.
Insider Buying and Selling
In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ULTA. Bank of America reduced their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Citigroup decreased their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. TD Cowen cut their price objective on shares of Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company decreased their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $430.74.
Get Our Latest Stock Report on Ulta Beauty
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.
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