Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,118 shares of the specialty retailer’s stock after purchasing an additional 4,936 shares during the quarter. Intech Investment Management LLC owned 0.12% of Ulta Beauty worth $21,268,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Janiczek Wealth Management LLC boosted its stake in Ulta Beauty by 32.5% in the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after buying an additional 25 shares during the last quarter. Commerce Bank boosted its stake in Ulta Beauty by 1.0% in the 4th quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after buying an additional 26 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in Ulta Beauty by 5.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after buying an additional 26 shares during the last quarter. Eudaimonia Partners LLC boosted its stake in Ulta Beauty by 4.0% in the 1st quarter. Eudaimonia Partners LLC now owns 698 shares of the specialty retailer’s stock worth $365,000 after buying an additional 27 shares during the last quarter. Finally, Sage Capital Advisors llc boosted its stake in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after buying an additional 27 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was 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 directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was 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 directly owns 2,017 shares in the company, valued at approximately $786,791.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jodi J. Caro sold 650 shares of the business’s 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 transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research analyst reports. Citigroup decreased their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group reduced their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. TD Cowen reduced their price objective on Ulta Beauty from $500.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus reduced their price objective on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Oppenheimer reduced their price objective on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $425.29.

Ulta Beauty Stock Up 0.1 %

ULTA stock opened at $403.29 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock’s 50 day moving average is $368.23 and its two-hundred day moving average is $409.95. The company has a market capitalization of $19.00 billion, a PE ratio of 15.73, a P/E/G ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly 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). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $6.02 earnings per share. Ulta Beauty’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

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.