Sumitomo Life Insurance Co. grew its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,169 shares of the specialty retailer’s stock after acquiring an additional 240 shares during the period. Sumitomo Life Insurance Co.’s holdings in Ulta Beauty were worth $752,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of ULTA. Shine Investment Advisory Services Inc. lifted its position in Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Ulta Beauty during the second quarter worth approximately $26,000. Motco acquired a new stake in Ulta Beauty during the first quarter worth approximately $29,000. NEXT Financial Group Inc lifted its position in Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the last quarter. Finally, Hudock Capital Group LLC acquired a new stake in Ulta Beauty during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 88.31% of the company’s stock.
Several equities research analysts have issued reports on ULTA shares. Deutsche Bank raised their price objective on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, June 3rd. Piper Jaffray Companies set a $360.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, May 31st. ValuEngine downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley raised their price objective on shares of Ulta Beauty from $375.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective for the company in a research report on Monday, May 20th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $353.39.
Shares of NASDAQ ULTA traded up $8.58 during midday trading on Thursday, reaching $352.26. The company’s stock had a trading volume of 10,206 shares, compared to its average volume of 666,342. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. Ulta Beauty Inc has a fifty-two week low of $224.43 and a fifty-two week high of $368.83. The stock’s 50 day moving average price is $349.43. The firm has a market cap of $20.19 billion, a P/E ratio of 32.46, a P/E/G ratio of 1.40 and a beta of 0.96.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $2.70 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Sell-side analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current year.
In related news, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $359.28, for a total value of $113,173.20. Following the transaction, the director now directly owns 989 shares of the company’s stock, valued at $355,327.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $354.03, for a total transaction of $708,060.00. Following the completion of the transaction, the director now directly owns 8,368 shares in the company, valued at $2,962,523.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,715 shares of company stock valued at $958,441. 4.20% of the stock is owned by company insiders.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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