Envestnet Asset Management Inc. increased its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 50.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,646 shares of the specialty retailer’s stock after buying an additional 4,927 shares during the period. Envestnet Asset Management Inc.’s holdings in Ulta Beauty were worth $3,101,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $153,000. ACG Wealth purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $216,000. Sapphire Star Partners LP purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $224,000. BancorpSouth Bank purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $230,000. Finally, Bluestein R H & Co. purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $233,000. Institutional investors own 89.84% of the company’s stock.

Shares of Ulta Beauty opened at $251.05 on Monday, MarketBeat reports. Ulta Beauty Inc has a 12-month low of $187.96 and a 12-month high of $314.86. The stock has a market cap of $15.19 billion, a PE ratio of 30.77, a P/E/G ratio of 1.25 and a beta of 0.64.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.77 by ($0.02). Ulta Beauty had a net margin of 9.44% and a return on equity of 30.40%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $2.24 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. sell-side analysts anticipate that Ulta Beauty Inc will post 10.77 EPS for the current fiscal year.

Ulta Beauty declared that its Board of Directors has initiated a share buyback plan on Thursday, March 15th that authorizes the company to buyback $625.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

A number of brokerages recently issued reports on ULTA. OTR Global upgraded Ulta Beauty to a “positive” rating in a research report on Monday, May 21st. Deutsche Bank set a $244.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Monday, May 7th. Telsey Advisory Group increased their price objective on Ulta Beauty from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $280.00 price objective on the stock in a research report on Wednesday, May 16th. Finally, Loop Capital reiterated a “hold” rating and issued a $250.00 price objective on shares of Ulta Beauty in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $259.21.

In other news, Director Lorna Nagler sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $228.35, for a total transaction of $685,050.00. Following the transaction, the director now directly owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary N. Dillon sold 16,286 shares of the firm’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $206.99, for a total value of $3,371,039.14. Following the transaction, the chief executive officer now directly owns 100,984 shares in the company, valued at $20,902,678.16. The disclosure for this sale can be found here. Insiders have sold 41,286 shares of company stock worth $8,826,129 over the last ninety days. Insiders own 5.60% of the company’s stock.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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