Diversified Investment Strategies LLC increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 117.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,415 shares of the specialty retailer's stock after buying an additional 765 shares during the quarter. Diversified Investment Strategies LLC's holdings in Ulta Beauty were worth $662,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ulta Beauty by 17.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock valued at $2,190,000 after purchasing an additional 924 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Ulta Beauty by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock valued at $435,000 after purchasing an additional 152 shares during the last quarter. Ascent Group LLC acquired a new stake in Ulta Beauty during the 2nd quarter valued at $395,000. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty during the 1st quarter valued at $201,000. Finally, J. Safra Sarasin Holding AG lifted its holdings in Ulta Beauty by 167.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer's stock valued at $2,111,000 after purchasing an additional 2,828 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA opened at $541.01 on Wednesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The stock has a market capitalization of $24.26 billion, a P/E ratio of 20.74, a PEG ratio of 2.99 and a beta of 1.08. The stock's fifty day moving average is $529.39 and its 200 day moving average is $467.02.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter last year, the business earned $5.30 earnings per share. Ulta Beauty's revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Insider Activity at Ulta Beauty
In related news, Director Mike C. Smith sold 500 shares of the firm'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 in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.
Wall Street Analyst Weigh In
ULTA has been the subject of several research reports. Jefferies Financial Group raised their price target on Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Cowen reiterated a "hold" rating on shares of Ulta Beauty in a research report on Friday, August 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. DA Davidson increased their price objective on Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Morgan Stanley increased their price objective on Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of "Moderate Buy" and a consensus price target of $549.33.
Get Our Latest Stock Analysis on ULTA
Ulta Beauty Company Profile
(
Free Report)
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.
Further Reading
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