Calamos Advisors LLC grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,390 shares of the specialty retailer’s stock after buying an additional 335 shares during the quarter. Calamos Advisors LLC’s holdings in Ulta Beauty were worth $3,560,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Ulta Beauty by 11.2% in 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 during the last quarter. FNY Partners Fund LP acquired a new position in Ulta Beauty during the first quarter worth $142,000. NEXT Financial Group Inc boosted its stake in Ulta Beauty by 18.0% during the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the last quarter. EFG Asset Management Americas Corp. acquired a new position in Ulta Beauty during the first quarter worth $221,000. Finally, M Holdings Securities Inc. acquired a new position in Ulta Beauty during the first quarter worth $228,000. 88.01% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $260.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reiterated an “outperform” rating and issued a $295.00 price objective (down previously from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a report on Thursday, July 27th. Jefferies Group LLC set a $266.00 price target on Ulta Beauty and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $310.00 price target on shares of Ulta Beauty in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $281.63.
In related news, Director Michael R. Macdonald bought 2,000 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.
Ulta Beauty Inc. (NASDAQ:ULTA) traded down 0.12% during trading on Friday, reaching $223.67. The company had a trading volume of 428,629 shares. The firm has a market capitalization of $13.74 billion, a P/E ratio of 29.78 and a beta of 0.57. The company has a 50-day moving average of $235.85 and a 200-day moving average of $272.29. Ulta Beauty Inc. has a 52-week low of $204.01 and a 52-week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $1.43 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Analysts expect that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
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Ulta Beauty Company Profile
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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