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

Key Points

• QRG Capital Management Inc. increased its stake in Ulta Beauty Inc. by 73.8% in the 2nd quarter, now holding $10.22 million worth of shares.
• Institutional investors and hedge funds collectively own 90.39% of Ulta Beauty's stock, indicating strong institutional interest in the company.
• Analysts have given Ulta Beauty an average rating of "Moderate Buy" with a consensus price target of $544.20, showing optimism about its future performance.

QRG Capital Management Inc. increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 73.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,853 shares of the specialty retailer's stock after buying an additional 9,282 shares during the quarter. QRG Capital Management Inc.'s holdings in Ulta Beauty were worth $10,223,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ULTA. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $449,021,000 after buying an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after purchasing an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Ulta Beauty by 64.8% during the 1st 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 during the last quarter. Pacer Advisors Inc. lifted its holdings in Ulta Beauty by 5,117.0% during the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Ulta Beauty by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer's stock valued at $96,674,000 after purchasing an additional 190,353 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director directly owned 2,263 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ulta Beauty in a report on Saturday, September 27th. Bank of America raised their price target on Ulta Beauty from $500.00 to $575.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Canaccord Genuity Group set a $650.00 price target on Ulta Beauty in a report on Friday, August 29th. Finally, Oppenheimer raised their price target on Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $544.20.

Ulta Beauty Stock Down 0.2%

Ulta Beauty stock opened at $556.45 on Friday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $562.11. The business's 50-day moving average price is $523.68 and its two-hundred day moving average price is $457.62. The stock has a market cap of $24.95 billion, a PE ratio of 21.34, a P/E/G ratio of 3.06 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results 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 return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the firm posted $5.30 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.

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