Dakota Wealth Management Acquires 474 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Dakota Wealth Management increased its holdings in Ulta Beauty by 13.4%, acquiring an additional 474 shares to own a total of 4,013 shares worth approximately $1.87 million.
• Ulta Beauty reported a net margin of 10.31% and earnings per share of $5.78 for the last quarter, exceeding expectations by $0.75.
• Several analysts have raised their price targets for Ulta Beauty, with UBS Group increasing theirs to $680.00 and giving the stock a "buy" rating.

Dakota Wealth Management grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,013 shares of the specialty retailer's stock after purchasing an additional 474 shares during the quarter. Dakota Wealth Management's holdings in Ulta Beauty were worth $1,877,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock worth $449,021,000 after buying an additional 688,267 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock valued at $341,453,000 after purchasing an additional 366,147 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock worth $334,871,000 after acquiring an additional 410,900 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ulta Beauty by 10.9% during the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer's stock valued at $298,231,000 after purchasing an additional 79,666 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Ulta Beauty by 17.4% during the second quarter. Swedbank AB now owns 545,050 shares of the specialty retailer's stock valued at $254,985,000 after purchasing an additional 80,734 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 2.3%

Shares of ULTA opened at $552.00 on Friday. The stock's 50 day moving average is $519.00 and its two-hundred day moving average is $449.46. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $552.45. The firm has a market capitalization of $24.75 billion, a PE ratio of 21.17, a P/E/G ratio of 2.97 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping 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 firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the prior year, the company earned $5.30 EPS. The firm's revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

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 shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares of the company's stock, valued at $1,195,837.09. The trade was 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. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group increased their target price on Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Canaccord Genuity Group set a $650.00 target price on Ulta Beauty in a research report on Friday, August 29th. Barclays increased their target price on Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Raymond James Financial restated an "outperform" rating and set a $605.00 price target (up previously from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Finally, Robert W. Baird raised their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $544.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.