Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,860 shares of the specialty retailer’s stock after acquiring an additional 545 shares during the quarter. Rhumbline Advisers owned 0.21% of Ulta Beauty worth $38,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ULTA. Carret Asset Management LLC boosted its holdings in Ulta Beauty by 49.1% during the second quarter. Carret Asset Management LLC now owns 3,818 shares of the specialty retailer’s stock worth $1,473,000 after buying an additional 1,258 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Ulta Beauty by 22.4% during the 2nd quarter. CIBC Asset Management Inc now owns 12,147 shares of the specialty retailer’s stock valued at $4,687,000 after acquiring an additional 2,224 shares during the last quarter. Guidance Capital Inc. boosted its stake in shares of Ulta Beauty by 15.3% during the 2nd quarter. Guidance Capital Inc. now owns 1,721 shares of the specialty retailer’s stock worth $628,000 after acquiring an additional 229 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Ulta Beauty by 8.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 1,553 shares of the specialty retailer’s stock worth $599,000 after acquiring an additional 122 shares during the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of Ulta Beauty during the second quarter worth $232,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

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

Analysts Set New Price Targets

ULTA has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $552.00 to $448.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. TD Cowen reduced their price target on shares of Ulta Beauty from $500.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Bank of America decreased their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, Barclays boosted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.74.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $363.78 on Friday. The company’s fifty day moving average price is $369.89 and its two-hundred day moving average price is $421.36. The firm has a market capitalization of $17.14 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $6.02 EPS. Analysts predict that Ulta Beauty, Inc. will post 23.03 earnings per share for the current fiscal year.

Ulta Beauty Company 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.