111 Capital Purchases 3,170 Shares of Ulta Beauty Inc. $ULTA

111 Capital lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 371.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,024 shares of the specialty retailer’s stock after purchasing an additional 3,170 shares during the period. 111 Capital’s holdings in Ulta Beauty were worth $1,883,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its position in shares of Ulta Beauty by 73.8% during the second quarter. QRG Capital Management Inc. now owns 21,853 shares of the specialty retailer’s stock valued at $10,223,000 after purchasing an additional 9,282 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in Ulta Beauty during the second quarter worth about $219,000. Ascent Group LLC purchased a new stake in Ulta Beauty during the second quarter worth about $395,000. Mattern Capital Management LLC increased its holdings in Ulta Beauty by 8.5% during the second quarter. Mattern Capital Management LLC now owns 2,199 shares of the specialty retailer’s stock worth $1,029,000 after buying an additional 172 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Ulta Beauty by 1.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,198 shares of the specialty retailer’s stock worth $2,900,000 after buying an additional 106 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research analyst reports. Evercore ISI raised their price objective on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Cowen restated a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. Barclays raised their price objective on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. The Goldman Sachs Group raised their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $610.00 price objective on shares of Ulta Beauty in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $544.20.

Ulta Beauty Trading Down 0.2%

Shares of NASDAQ:ULTA opened at $556.45 on Friday. The company has a 50 day moving average of $523.68 and a 200 day moving average of $456.83. The stock has a market cap of $24.95 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.07 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $562.11.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. Ulta Beauty’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.30 earnings per share. On average, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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.