Conning Inc. Maintains Stake in Ulta Beauty Inc. (ULTA)
Conning Inc. maintained its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030 shares of the specialty retailer’s stock at the end of the second quarter. Conning Inc.’s holdings in Ulta Beauty were worth $296,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Ulta Beauty by 9.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,387 shares of the specialty retailer’s stock valued at $11,317,000 after buying an additional 3,306 shares during the period. Rational Advisors LLC acquired a new position in Ulta Beauty during the second quarter valued at about $747,000. Alpine Woods Capital Investors LLC acquired a new position in Ulta Beauty during the second quarter valued at about $1,797,000. Advisors Asset Management Inc. boosted its position in Ulta Beauty by 12.6% in the second quarter. Advisors Asset Management Inc. now owns 5,261 shares of the specialty retailer’s stock valued at $1,512,000 after buying an additional 587 shares during the period. Finally, UMB Bank N A MO acquired a new position in Ulta Beauty during the second quarter valued at about $996,000. 85.68% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Inc. (NASDAQ:ULTA) opened at 244.20 on Monday. The company has a market cap of $15.15 billion, a P/E ratio of 34.29 and a beta of 0.57. Ulta Beauty Inc. has a 12-month low of $225.13 and a 12-month high of $314.86. The firm has a 50-day moving average price of $256.00 and a 200-day moving average price of $278.55.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty Inc. will post $8.32 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on ULTA shares. Edward Jones cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Buckingham Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $325.00 to $330.00 in a research note on Friday, May 26th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price target on the stock in a research note on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $325.00 price target (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price target on Ulta Beauty and gave the stock a “hold” rating in a research note on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $319.05.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total value of $6,181,000.00. Following the sale, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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