Chase Investment Counsel Corp Boosts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Chase Investment Counsel Corp lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the specialty retailer’s stock after purchasing an additional 200 shares during the quarter. Chase Investment Counsel Corp’s holdings in Ulta Beauty were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc lifted its position in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares in the last quarter. Boston Partners lifted its position in shares of 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 last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 24,822 shares in the last quarter. Bessemer Group Inc. boosted its stake in Ulta Beauty by 1.2% in the first quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of Ulta Beauty by 26.4% during the second quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock worth $137,419,000 after purchasing an additional 74,319 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $39,008.00. Following the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

Ulta Beauty Stock Down 0.5 %

Ulta Beauty stock opened at $404.01 on Monday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.30 and a beta of 1.31. The firm has a 50-day moving average price of $368.40 and a two-hundred day moving average price of $401.69.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for 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 company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.02 EPS. Research analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of several research reports. B. Riley began coverage on Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price for the company. Stifel Nicolaus decreased their price objective on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a report on Friday, August 30th. Oppenheimer cut their target price on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group decreased their price target on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price objective on the stock. in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $425.29.

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.