Vident Investment Advisory LLC boosted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 27.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,053 shares of the specialty retailer’s stock after buying an additional 1,538 shares during the period. Vident Investment Advisory LLC’s holdings in Ulta Beauty were worth $1,434,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. CWM LLC boosted its holdings in Ulta Beauty by 58.9% in the first quarter. CWM LLC now owns 151 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Bray Capital Advisors purchased a new position in shares of Ulta Beauty in the 1st quarter worth about $31,000. Harbor Investment Advisory LLC boosted its stake in Ulta Beauty by 60.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 178 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. First Horizon Advisors Inc. grew its position in Ulta Beauty by 28.0% during the 1st quarter. First Horizon Advisors Inc. now owns 224 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. Finally, Column Capital Advisors LLC increased its stake in Ulta Beauty by 287.3% during the 1st quarter. Column Capital Advisors LLC now owns 244 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.
Shares of Ulta Beauty stock opened at $192.99 on Friday. The stock has a market cap of $11.18 billion, a P/E ratio of 25.70, a P/E/G ratio of 3.37 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.27 and a current ratio of 2.49. The stock’s fifty day moving average is $204.79 and its 200 day moving average is $227.07. Ulta Beauty Inc has a one year low of $124.05 and a one year high of $355.36.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 28th. The specialty retailer reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($2.00). Ulta Beauty had a return on equity of 24.36% and a net margin of 6.37%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $3.26 EPS. The business’s quarterly revenue was down 32.7% compared to the same quarter last year. Analysts predict that Ulta Beauty Inc will post 4.65 EPS for the current year.
ULTA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ulta Beauty from a “strong sell” rating to a “hold” rating and set a $255.00 price target on the stock in a report on Wednesday, May 27th. Cfra lifted their target price on Ulta Beauty from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Guggenheim restated a “buy” rating and issued a $270.00 price target on shares of Ulta Beauty in a research note on Sunday, June 21st. Deutsche Bank increased their price objective on Ulta Beauty from $242.00 to $249.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Nomura Securities reissued a “hold” rating and issued a $190.00 target price on shares of Ulta Beauty in a research report on Sunday, April 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $258.41.
In other news, Director Sally E. Blount purchased 250 shares of the company’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $193.00 per share, for a total transaction of $48,250.00. Following the completion of the transaction, the director now directly owns 1,239 shares in the company, valued at approximately $239,127. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $256.55, for a total transaction of $128,275.00. Following the completion of the sale, the director now directly owns 2,750 shares of the company’s stock, valued at $705,512.50. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.
Ulta Beauty Company Profile
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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