Commerzbank Aktiengesellschaft FI lessened its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 31.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,417 shares of the specialty retailer’s stock after selling 1,559 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Ulta Beauty were worth $982,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock valued at $1,587,143,000 after purchasing an additional 163,839 shares during the last quarter. BlackRock Inc. raised its position in shares of Ulta Beauty by 2,734.8% in the 1st quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after acquiring an additional 3,866,567 shares during the period. Jennison Associates LLC raised its position in shares of Ulta Beauty by 9.1% in the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares during the period. Ameriprise Financial Inc. raised its position in shares of Ulta Beauty by 51.2% in the 1st quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock valued at $266,862,000 after acquiring an additional 316,898 shares during the period. Finally, FMR LLC raised its position in shares of Ulta Beauty by 17.4% in the 1st quarter. FMR LLC now owns 910,337 shares of the specialty retailer’s stock valued at $259,656,000 after acquiring an additional 135,211 shares during the period. 88.01% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $260.00 price target (down from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Morgan Stanley cut their price target on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Monday, August 28th. Royal Bank Of Canada cut their price target on shares of Ulta Beauty from $250.00 to $212.36 and set a “sector perform” rating on the stock in a research report on Monday, August 28th. Buckingham Research set a $225.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, KeyCorp restated a “buy” rating and issued a $300.00 target price (down previously from $330.00) on shares of Ulta Beauty in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $281.63.
In related news, Director Michael R. Macdonald bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at approximately $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.20% of the company’s stock.
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Ulta Beauty Inc. (NASDAQ ULTA) traded down 0.007% during midday trading on Friday, reaching $223.915. The company had a trading volume of 357,556 shares. The stock has a market capitalization of $13.76 billion, a PE ratio of 29.808 and a beta of 0.57. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86. The firm’s 50 day moving average is $235.85 and its 200 day moving average is $272.29.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
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.
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