Hartford Investment Management Co. reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating ) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,142 shares of the specialty retailer’s stock after selling 391 shares during the quarter. Hartford Investment Management Co.’s holdings. in Ulta Beauty were worth $2,048,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Resonant Capital Advisors LLC boosted its stake in shares of Ulta Beauty by 2.8% in the first quarter. Resonant Capital Advisors LLC now owns 1,315 shares of the specialty retailer’s stock valued at $511,000 after acquiring an additional 36 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Ulta Beauty by 22.3% in the first quarter. Procyon Advisors LLC now owns 2,267 shares of the specialty retailer’s stock valued at $903,000 after buying an additional 414 shares during the period. IFM Investors Pty Ltd boosted its position in Ulta Beauty by 15.3% in the first quarter. IFM Investors Pty Ltd now owns 8,215 shares of the specialty retailer’s stock valued at $3,271,000 after buying an additional 1,091 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Ulta Beauty by 19.8% in the first quarter. Ritholtz Wealth Management now owns 604 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 100 shares during the period. Finally, Bender Robert & Associates boosted its holdings in Ulta Beauty by 3.2% in the first quarter. Bender Robert & Associates now owns 26,756 shares of the specialty retailer’s stock valued at $10,655,000 after buying an additional 841 shares in the last quarter. 89.20% of the shares are currently owned by institutional investors.
A number of research firms recently commented on ULTA. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. DA Davidson boosted their target price on Ulta Beauty from $465.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Credit Suisse Group boosted their price objective on Ulta Beauty from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 15th. Raymond James upgraded shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $475.00 to $485.00 in a report on Wednesday, June 29th. Finally, Oppenheimer boosted their target price on shares of Ulta Beauty from $470.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, May 27th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.05, based on data from MarketBeat.com.
In related news, COO Kecia Steelman sold 13,199 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $405.02, for a total value of $5,345,858.98. Following the transaction, the chief operating officer now directly owns 16,627 shares of the company’s stock, valued at approximately $6,734,267.54. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Also, Director George R. Mrkonich, Jr. sold 476 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the sale, the director now directly owns 2,393 shares of the company’s stock, valued at $937,673.12. Disclosure of this sale can be found here. Insiders have sold a total of 46,207 shares of company stock valued at $19,411,502 over the last three months. Corporate insiders own 2.00% of the company’s shares.
Shares of NASDAQ:ULTA opened at $382.85 on Monday. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.50. The firm’s 50-day moving average is $394.41 and its 200-day moving average is $387.74. Ulta Beauty, Inc. has a fifty-two week low of $319.05 and a fifty-two week high of $438.63.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping the consensus estimate of $4.46 by $1.84. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ estimates of $2.12 billion. Ulta Beauty has a return on equity of 60.83% and a net margin of 12.03%. Ulta Beauty’s revenue for the quarter was up 21.0% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $4.10 per share. On average, analysts predict that Ulta Beauty, Inc. will post 20.08 EPS for the current fiscal year.
Ulta Beauty Profile (Get Rating)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, perfumes, skin and hair care products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup and eyebrow services; and nail art.
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