Zacks Investment Management Boosts Holdings in Ulta Beauty Inc (ULTA)

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Zacks Investment Management increased its position in Ulta Beauty Inc (NASDAQ:ULTA) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,880 shares of the specialty retailer’s stock after buying an additional 308 shares during the quarter. Zacks Investment Management’s holdings in Ulta Beauty were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackay Shields LLC purchased a new stake in shares of Ulta Beauty during the first quarter worth about $2,007,000. Schwab Charles Investment Management Inc. increased its position in shares of Ulta Beauty by 2.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,981 shares of the specialty retailer’s stock worth $40,442,000 after acquiring an additional 3,987 shares during the last quarter. Aperio Group LLC increased its position in shares of Ulta Beauty by 8.1% during the first quarter. Aperio Group LLC now owns 21,031 shares of the specialty retailer’s stock worth $4,296,000 after acquiring an additional 1,578 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Ulta Beauty by 28.8% during the first quarter. State of New Jersey Common Pension Fund D now owns 42,500 shares of the specialty retailer’s stock worth $8,681,000 after acquiring an additional 9,500 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Ulta Beauty by 8.3% during the first quarter. US Bancorp DE now owns 5,899 shares of the specialty retailer’s stock worth $1,205,000 after acquiring an additional 450 shares during the last quarter. 90.68% of the stock is currently owned by institutional investors.

ULTA has been the topic of a number of analyst reports. Buckingham Research lifted their target price on Ulta Beauty from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Robert W. Baird set a $290.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Piper Jaffray Companies set a $268.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Jefferies Financial Group set a $285.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Finally, Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 target price on the stock in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $267.92.

In other news, Director Dennis K. Eck sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $251.53, for a total transaction of $880,355.00. Following the completion of the transaction, the director now directly owns 380,294 shares of the company’s stock, valued at $95,655,349.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total value of $552,380.00. Following the transaction, the director now directly owns 7,923 shares of the company’s stock, valued at $2,188,253.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,400 shares of company stock valued at $14,214,198. 5.60% of the stock is owned by corporate insiders.

Shares of Ulta Beauty stock opened at $279.10 on Friday. The stock has a market capitalization of $16.95 billion, a P/E ratio of 29.73, a PEG ratio of 1.41 and a beta of 0.73. Ulta Beauty Inc has a fifty-two week low of $187.96 and a fifty-two week high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. equities analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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