King Luther Capital Management Corp continued to hold its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,270 shares of the specialty retailer’s stock at the end of the second quarter. King Luther Capital Management Corp owned approximately 0.09% of Ulta Beauty worth $15,594,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the period. FNY Partners Fund LP acquired a new position in Ulta Beauty during the first quarter worth approximately $142,000. NEXT Financial Group Inc increased its position in Ulta Beauty by 18.0% during the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the period. Copper Rock Capital Partners LLC increased its position in Ulta Beauty by 316.8% during the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after buying an additional 640 shares during the period. Finally, EFG Asset Management Americas Corp. acquired a new position in Ulta Beauty during the first quarter worth approximately $221,000. 88.01% of the stock is currently owned by institutional investors.
Ulta Beauty Inc. (ULTA) traded down 0.24% during mid-day trading on Friday, reaching $223.40. The company’s stock had a trading volume of 145,684 shares. Ulta Beauty Inc. has a 52 week low of $204.01 and a 52 week high of $314.86. The firm’s 50 day moving average price is $235.85 and its 200 day moving average price is $272.29. The firm has a market capitalization of $13.72 billion, a P/E ratio of 29.74 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. On average, analysts anticipate that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
In other Ulta Beauty news, Director Michael R. Macdonald bought 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 directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.20% of the company’s stock.
Several research analysts have commented on ULTA shares. Zacks Investment Research lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Edward Jones lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Robert W. Baird set a $325.00 target price on Ulta Beauty and gave the company an “outperform” rating in a report on Thursday, May 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $360.00 target price (up previously from $320.00) on shares of Ulta Beauty in a report on Friday, May 26th. Finally, Buckingham Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their target price for the company from $325.00 to $330.00 in a report on Friday, May 26th. One equities 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 stock. Ulta Beauty has an average rating of “Hold” and an average price target of $281.63.
About Ulta Beauty
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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