Cypress Capital Group bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 759 shares of the specialty retailer’s stock, valued at approximately $218,000.
Several other institutional investors and hedge funds have also made changes to their positions in ULTA. Municipal Employees Retirement System of Michigan boosted its stake in shares of Ulta Beauty by 1.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 1,890 shares of the specialty retailer’s stock worth $539,000 after buying an additional 30 shares during the period. Van ECK Associates Corp lifted its position in Ulta Beauty by 7.3% in the first quarter. Van ECK Associates Corp now owns 997 shares of the specialty retailer’s stock valued at $284,000 after purchasing an additional 68 shares during the period. Teachers Advisors LLC lifted its position in Ulta Beauty by 10.3% in the first quarter. Teachers Advisors LLC now owns 261,030 shares of the specialty retailer’s stock valued at $74,454,000 after purchasing an additional 24,393 shares during the period. PNC Financial Services Group Inc. lifted its position in Ulta Beauty by 16.1% in the first quarter. PNC Financial Services Group Inc. now owns 14,064 shares of the specialty retailer’s stock valued at $4,013,000 after purchasing an additional 1,949 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in Ulta Beauty by 16.8% in the first quarter. Segall Bryant & Hamill LLC now owns 1,489 shares of the specialty retailer’s stock valued at $425,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 87.91% of the company’s stock.
A number of equities research analysts recently commented on the stock. Cleveland Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and raised their price objective for the company from $189.50 to $314.00 in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price objective on shares of Ulta Beauty in a research report on Thursday, July 27th. KeyCorp restated a “buy” rating and issued a $270.00 price objective (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Oppenheimer Holdings, Inc. restated a “market perform” rating and issued a $330.00 price objective (up previously from $270.00) on shares of Ulta Beauty in a research report on Monday, July 31st. Finally, Jefferies Group LLC set a $300.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. Ulta Beauty has an average rating of “Hold” and an average target price of $281.76.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) traded up 2.038% on Friday, hitting $194.035. 1,323,568 shares of the stock were exchanged. Ulta Beauty Inc. has a one year low of $187.96 and a one year high of $314.86. The firm’s 50-day moving average is $221.09 and its 200-day moving average is $263.66. The company has a market cap of $11.92 billion, a P/E ratio of 25.830 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by insiders.
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Ulta Beauty 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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