Jupiter Asset Management Ltd. Takes Position in Ulta Beauty Inc. $ULTA

Jupiter Asset Management Ltd. bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,721 shares of the specialty retailer’s stock, valued at approximately $16,711,000. Jupiter Asset Management Ltd. owned approximately 0.08% of Ulta Beauty at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC grew its position in shares of Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after buying an additional 23 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in Ulta Beauty by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock valued at $390,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management lifted its stake in Ulta Beauty by 6.8% in the second quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares during the last quarter. Wambolt & Associates LLC grew its holdings in Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after acquiring an additional 26 shares in the last quarter. Finally, CX Institutional grew its holdings in Ulta Beauty by 8.2% during the 2nd quarter. CX Institutional now owns 424 shares of the specialty retailer’s stock worth $198,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

Ulta Beauty Trading Up 2.4%

ULTA stock opened at $535.40 on Thursday. The company has a market capitalization of $24.01 billion, a P/E ratio of 20.53, a PEG ratio of 2.88 and a beta of 1.05. The business has a 50 day simple moving average of $530.94 and a 200-day simple moving average of $491.15. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULTA. The Goldman Sachs Group lifted their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. Morgan Stanley upped their price target on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Wall Street Zen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Barclays upped their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Company Profile

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.