Jennison Associates LLC decreased its position in Ulta Beauty Inc (NASDAQ:ULTA) by 19.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,945 shares of the specialty retailer’s stock after selling 72,415 shares during the quarter. Jennison Associates LLC owned 0.51% of Ulta Beauty worth $104,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Legacy Advisors LLC bought a new stake in Ulta Beauty in the second quarter valued at approximately $26,000. Motco bought a new stake in Ulta Beauty in the first quarter valued at approximately $29,000. Next Capital Management LLC lifted its position in Ulta Beauty by 206.7% in the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. NEXT Financial Group Inc lifted its position in Ulta Beauty by 42.0% in the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 29 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Ulta Beauty in the second quarter valued at approximately $34,000. Institutional investors own 88.92% of the company’s stock.
ULTA has been the subject of several recent research reports. Piper Jaffray Companies set a $360.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. Oppenheimer set a $390.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Ulta Beauty in a research report on Tuesday, May 14th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective for the company in a research report on Monday, May 20th. Finally, UBS Group boosted their price objective on Ulta Beauty from $370.00 to $390.00 and gave the company a “top pick” rating in a research report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $354.50.
Shares of Ulta Beauty stock traded down $12.76 during midday trading on Friday, reaching $322.10. 990,220 shares of the company’s stock traded hands, compared to its average volume of 695,382. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.93. The company has a market cap of $19.58 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The stock has a 50 day moving average of $344.42 and a 200-day moving average of $337.03. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 earnings per share. On average, equities analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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