HPM Partners LLC bought a new stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,480 shares of the specialty retailer’s stock, valued at approximately $579,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Soros Fund Management LLC bought a new position in Ulta Beauty during the 2nd quarter valued at about $7,728,000. Waddell & Reed Financial Inc. bought a new position in Ulta Beauty during the 2nd quarter valued at about $125,933,000. Worldquant Millennium Quantitative Strategies LLC bought a new position in Ulta Beauty during the 2nd quarter valued at about $4,093,000. Tower Research Capital LLC TRC bought a new position in Ulta Beauty during the 2nd quarter valued at about $744,000. Finally, Zacks Investment Management grew its holdings in Ulta Beauty by 5.5% during the 2nd quarter. Zacks Investment Management now owns 5,880 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Shares of ULTA stock opened at $281.45 on Tuesday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.38 and a beta of 0.72. Ulta Beauty Inc has a one year low of $187.96 and a one year high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. sell-side analysts anticipate that Ulta Beauty Inc will post 10.84 earnings per share for the current fiscal year.

In other news, Director Lorna Nagler sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the transaction, the director now directly owns 7,923 shares in the company, valued at $2,188,253.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dennis K. Eck sold 3,500 shares of the stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $251.53, for a total transaction of $880,355.00. Following the transaction, the director now owns 380,294 shares in the company, valued at $95,655,349.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,400 shares of company stock worth $14,214,198. Insiders own 5.60% of the company’s stock.

ULTA has been the topic of several analyst reports. Buckingham Research upped their price target on shares of Ulta Beauty from $270.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. Robert W. Baird set a $290.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Wednesday, May 30th. Piper Jaffray Companies set a $268.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Tuesday, May 29th. Jefferies Financial Group set a $285.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 price target on the stock in a report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $267.92.

Ulta Beauty Company 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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