Oppenheimer Asset Management Inc. Buys 181 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Oppenheimer Asset Management Inc. lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 3,779 shares of the specialty retailer’s stock after acquiring an additional 181 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ulta Beauty were worth $1,458,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Norges Bank acquired a new position in Ulta Beauty during the fourth quarter valued at approximately $263,192,000. Global Assets Advisory LLC acquired a new position in Ulta Beauty in the 1st quarter valued at $176,753,000. TD Asset Management Inc raised its holdings in Ulta Beauty by 177.8% in the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after acquiring an additional 260,740 shares during the period. Los Angeles Capital Management LLC lifted its position in Ulta Beauty by 210.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after acquiring an additional 184,060 shares during the last quarter. Finally, Boston Partners boosted its holdings in Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Telsey Advisory Group dropped their price objective on Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. The Goldman Sachs Group cut their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Barclays raised their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Jefferies Financial Group cut their target price on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Finally, B. Riley initiated coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of “Hold” and an average target price of $425.29.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’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 transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was 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 in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now 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 owned by corporate insiders.

Ulta Beauty Stock Performance

Shares of ULTA opened at $402.72 on Thursday. The business’s fifty day moving average price is $368.18 and its two-hundred day moving average price is $410.00. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.22 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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.02 EPS. As a group, research analysts forecast 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.