Strs Ohio lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 7.4% in the first quarter, Holdings Channel.com reports. The firm owned 50,761 shares of the specialty retailer’s stock after acquiring an additional 3,479 shares during the quarter. Strs Ohio’s holdings in Ulta Beauty were worth $26,533,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Focus Partners Wealth grew its holdings in shares of Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 2,615 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Ulta Beauty by 48.9% during the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after acquiring an additional 1,574 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Ulta Beauty during the second quarter valued at $466,000. Jump Financial LLC purchased a new position in Ulta Beauty in the second quarter valued at about $1,196,000. Finally, Daiwa Securities Group Inc. grew its stake in Ulta Beauty by 0.9% in the second quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer’s stock valued at $3,497,000 after purchasing an additional 70 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Performance
ULTA opened at $461.33 on Friday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The firm has a market cap of $19.83 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88. The business has a 50 day moving average price of $492.85 and a 200 day moving average price of $572.59.
Analyst Ratings Changes
ULTA has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Robert W. Baird lowered their price target on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. DA Davidson dropped their price objective on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. William Blair reaffirmed a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Ulta Beauty in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average price target of $638.09.
View Our Latest Report on Ulta Beauty
Insider Buying and Selling
In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the transaction, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.
Ulta Beauty Company Profile
Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.
The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.
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