Blair William & Co. IL Has $26.17 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Blair William & Co. IL boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,819 shares of the specialty retailer’s stock after buying an additional 4,538 shares during the period. Blair William & Co. IL owned approximately 0.14% of Ulta Beauty worth $26,169,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc raised its holdings in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the period. Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $263,192,000. Boston Partners raised its holdings in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after buying an additional 153,727 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after buying an additional 24,822 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Ulta Beauty by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after buying an additional 4,344 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 1.4 %

Ulta Beauty stock opened at $402.72 on Thursday. The company’s 50-day moving average price is $368.18 and its two-hundred day moving average price is $410.00. The stock has a market cap of $18.98 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.22 and a beta of 1.31. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $6.02 EPS. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ULTA. BMO Capital Markets dropped their target price on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group lowered their price objective on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Bank of America lowered their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Canaccord Genuity Group lowered their price objective on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, UBS Group lowered their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $425.29.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.