Blair William & Co. IL Sells 1,550 Shares of Ulta Beauty Inc. $ULTA

Blair William & Co. IL decreased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 10.8% in the second quarter, HoldingsChannel reports. The firm owned 12,799 shares of the specialty retailer’s stock after selling 1,550 shares during the quarter. Blair William & Co. IL’s holdings in Ulta Beauty were worth $5,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Price T Rowe Associates Inc. MD raised its position in Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after purchasing an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after acquiring an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after acquiring an additional 366,147 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Ulta Beauty by 5,117.0% during the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after acquiring an additional 216,089 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Ulta Beauty by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after acquiring an additional 190,353 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ULTA shares. Raymond James Financial reiterated an “outperform” rating and set a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. UBS Group upped their target price on Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a report on Friday, August 29th. DA Davidson upped their target price on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Finally, Evercore ISI increased their target price on Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $549.33.

Ulta Beauty Trading Down 2.1%

Shares of ULTA opened at $549.28 on Monday. The business’s fifty day simple moving average is $528.22 and its two-hundred day simple moving average is $465.22. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23. The company has a market cap of $24.63 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 3.02 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business posted $5.30 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by insiders.

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.