Commerce Bank cut its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 25.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,668 shares of the specialty retailer’s stock after selling 574 shares during the quarter. Commerce Bank’s holdings in Ulta Beauty were worth $479,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 40 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Ulta Beauty in the first quarter worth approximately $142,000. NEXT Financial Group Inc grew its holdings in shares of Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 86 shares during the last quarter. Copper Rock Capital Partners LLC grew its holdings in shares of Ulta Beauty by 316.8% in the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after purchasing an additional 640 shares during the last quarter. Finally, EFG Asset Management Americas Corp. bought a new position in shares of Ulta Beauty in the first quarter worth approximately $221,000. 87.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $325.00 target price (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Jefferies Group LLC upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and raised their target price for the stock from $266.00 to $350.00 in a report on Friday, June 2nd. Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Morgan Stanley raised their target price on shares of Ulta Beauty from $300.00 to $313.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 31st. Finally, Guggenheim assumed coverage on shares of Ulta Beauty in a report on Tuesday, June 13th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $281.63.
Shares of Ulta Beauty Inc. (ULTA) opened at 219.17 on Friday. The company has a market cap of $13.46 billion, a PE ratio of 29.18 and a beta of 0.57. Ulta Beauty Inc. has a one year low of $204.01 and a one year high of $314.86. The stock’s 50 day moving average is $233.76 and its 200-day moving average is $271.14.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the transaction, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
Receive News & Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related companies with our FREE daily email newsletter.