Next Capital Management LLC lifted its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 206.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92 shares of the specialty retailer’s stock after purchasing an additional 62 shares during the quarter. Next Capital Management LLC’s holdings in Ulta Beauty were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $26,000. Motco bought a new position in Ulta Beauty in the 1st quarter valued at approximately $29,000. Hudock Capital Group LLC bought a new position in Ulta Beauty in the 1st quarter valued at approximately $34,000. Flagship Harbor Advisors LLC bought a new position in Ulta Beauty in the 2nd quarter valued at approximately $34,000. Finally, NEXT Financial Group Inc lifted its position in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 29 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on ULTA shares. Deutsche Bank upped their price objective on Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective on the stock in a research report on Monday, May 20th. BidaskClub cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. ValuEngine cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Oppenheimer lowered their price objective on Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Seven investment 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 company. The company currently has an average rating of “Buy” and a consensus target price of $353.39.
Shares of NASDAQ ULTA traded up $1.59 during midday trading on Friday, hitting $322.03. 564,200 shares of the stock traded hands, compared to its average volume of 654,454. The firm has a 50-day moving average of $347.10 and a two-hundred day moving average of $336.51. The firm has a market capitalization of $18.76 billion, a P/E ratio of 29.68, a PEG ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.93. Ulta Beauty Inc has a one year low of $224.43 and a one year high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.02. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. Equities analysts forecast that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.
In other news, Director Catherine Ann Halligan sold 400 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $343.02, for a total transaction of $137,208.00. Following the transaction, the director now directly owns 2,811 shares of the company’s stock, valued at approximately $964,229.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sally E. Blount sold 315 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $359.28, for a total value of $113,173.20. Following the transaction, the director now directly owns 989 shares in the company, valued at $355,327.92. The disclosure for this sale can be found here. Insiders have sold a total of 2,715 shares of company stock worth $958,441 over the last three months. Insiders own 4.20% of the company’s stock.
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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