EFG Asset Management Americas Corp. trimmed its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 93.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,619 shares of the specialty retailer’s stock after selling 24,903 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Ulta Beauty were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of ULTA. CWM LLC boosted its holdings in shares of Ulta Beauty by 58.9% in the 1st quarter. CWM LLC now owns 151 shares of the specialty retailer’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Bray Capital Advisors purchased a new position in shares of Ulta Beauty in the 1st quarter worth about $31,000. Harbor Investment Advisory LLC boosted its holdings in shares of Ulta Beauty by 60.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 178 shares of the specialty retailer’s stock worth $31,000 after buying an additional 67 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Ulta Beauty by 28.0% in the 1st quarter. First Horizon Advisors Inc. now owns 224 shares of the specialty retailer’s stock worth $39,000 after buying an additional 49 shares during the last quarter. Finally, Column Capital Advisors LLC boosted its holdings in shares of Ulta Beauty by 287.3% in the 1st quarter. Column Capital Advisors LLC now owns 244 shares of the specialty retailer’s stock worth $43,000 after buying an additional 181 shares during the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.
ULTA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Ulta Beauty from a “strong sell” rating to a “hold” rating and set a $255.00 price target on the stock in a report on Wednesday, May 27th. Oppenheimer assumed coverage on shares of Ulta Beauty in a report on Tuesday, June 16th. They set a “buy” rating and a $270.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Ulta Beauty from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $269.00 price objective on shares of Ulta Beauty in a report on Monday, June 1st. Finally, Nomura Securities reaffirmed a “hold” rating and set a $190.00 price objective on shares of Ulta Beauty in a report on Sunday, April 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $258.41.
ULTA stock traded down $5.62 on Friday, reaching $192.99. The company’s stock had a trading volume of 1,307,308 shares, compared to its average volume of 963,391. The business has a fifty day simple moving average of $204.79 and a two-hundred day simple moving average of $227.07. Ulta Beauty Inc has a 12-month low of $124.05 and a 12-month high of $355.36. The firm has a market cap of $10.87 billion, a PE ratio of 25.00, a PEG ratio of 3.28 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.27 and a current ratio of 2.49.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 28th. The specialty retailer reported ($1.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($2.00). Ulta Beauty had a return on equity of 24.36% and a net margin of 6.37%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $3.26 EPS. Ulta Beauty’s revenue for the quarter was down 32.7% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty Inc will post 4.65 earnings per share for the current fiscal year.
In other news, Director Sally E. Blount bought 250 shares of the company’s stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of $193.00 per share, with a total value of $48,250.00. Following the completion of the transaction, the director now owns 1,239 shares of the company’s stock, valued at approximately $239,127. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey J. Childs sold 3,494 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $238.41, for a total value of $833,004.54. 4.70% of the stock is currently owned by company insiders.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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