Rhumbline Advisers Has $36.60 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rhumbline Advisers boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,839 shares of the specialty retailer's stock after acquiring an additional 7,360 shares during the quarter. Rhumbline Advisers owned about 0.22% of Ulta Beauty worth $36,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fulcrum Capital LLC boosted its stake in shares of Ulta Beauty by 0.4% during the 1st quarter. Fulcrum Capital LLC now owns 18,217 shares of the specialty retailer's stock worth $6,677,000 after acquiring an additional 67 shares in the last quarter. LVM Capital Management Ltd. MI acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $601,000. Parallel Advisors LLC increased its stake in Ulta Beauty by 40.8% in the 1st quarter. Parallel Advisors LLC now owns 438 shares of the specialty retailer's stock worth $161,000 after purchasing an additional 127 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after buying an additional 442,372 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Ulta Beauty by 450.5% during the 1st quarter. Versant Capital Management Inc now owns 545 shares of the specialty retailer's stock worth $200,000 after buying an additional 446 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 0.3%

Shares of Ulta Beauty stock traded down $1.40 during trading hours on Friday, reaching $465.64. 601,489 shares of the company's stock were exchanged, compared to its average volume of 1,047,354. The company has a 50 day moving average of $392.97 and a two-hundred day moving average of $390.73. The stock has a market cap of $20.93 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.47 EPS. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ULTA shares. Barclays boosted their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday. Raymond James reaffirmed an "outperform" rating and issued a $500.00 target price (up previously from $450.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Oppenheimer lifted their price target on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Evercore ISI upped their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Finally, Bank of America cut their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus target price of $460.91.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.