Artisan Partners Limited Partnership lowered its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 913,122 shares of the specialty retailer’s stock after selling 25,751 shares during the period. Artisan Partners Limited Partnership owned approximately 1.47% of Ulta Beauty worth $262,376,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Balasa Dinverno & Foltz LLC grew its holdings in shares of Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after purchasing an additional 10 shares in the last quarter. Wendell David Associates Inc. grew its holdings in shares of Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp grew its holdings in shares of Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 18 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after purchasing an additional 25 shares in the last quarter. Finally, Cleararc Capital Inc. grew its holdings in shares of Ulta Beauty by 1.9% in the first quarter. Cleararc Capital Inc. now owns 1,448 shares of the specialty retailer’s stock valued at $413,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
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Shares of Ulta Beauty Inc. (NASDAQ ULTA) traded up 0.33% during mid-day trading on Friday, hitting $224.67. 937,583 shares of the stock traded hands. The stock has a market cap of $13.80 billion, a PE ratio of 29.91 and a beta of 0.57. The stock has a 50-day moving average of $235.14 and a 200 day moving average of $271.92. Ulta Beauty Inc. has a one year low of $204.01 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts predict that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
In related news, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.
ULTA has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a report on Friday, July 14th. Wells Fargo & Company restated a “market perform” rating and issued a $290.00 price objective on shares of Ulta Beauty in a report on Wednesday, July 5th. Edward Jones cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub cut shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Ulta Beauty in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $281.63.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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