QRG Capital Management Inc. Has $10.22 Million Stock Holdings in Ulta Beauty Inc. $ULTA

QRG Capital Management Inc. increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 73.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,853 shares of the specialty retailer’s stock after acquiring an additional 9,282 shares during the quarter. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $10,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Ulta Beauty in the first quarter worth approximately $31,000. Rakuten Securities Inc. lifted its stake in shares of Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 59 shares during the period. North Star Investment Management Corp. lifted its stake in shares of Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 40 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Ulta Beauty in the first quarter worth approximately $36,000. Finally, NBC Securities Inc. acquired a new position in shares of Ulta Beauty in the first quarter worth approximately $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Trading Down 0.2%

ULTA stock opened at $556.45 on Friday. The stock’s fifty day simple moving average is $523.68 and its two-hundred day simple moving average is $457.62. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $562.11. The stock has a market cap of $24.95 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.06 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm earned $5.30 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group lifted their target price on Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $610.00 target price on shares of Ulta Beauty in a report on Monday, September 8th. Finally, The Goldman Sachs Group lifted their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $544.20.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.