Prudential Financial Inc. Boosts Stake in Ulta Beauty Inc. (ULTA)
Prudential Financial Inc. boosted its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 38.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,691 shares of the specialty retailer’s stock after buying an additional 44,286 shares during the period. Prudential Financial Inc. owned 0.26% of Ulta Beauty worth $45,886,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC raised its position in shares of Ulta Beauty by 7.7% in the second quarter. Great Lakes Advisors LLC now owns 1,100 shares of the specialty retailer’s stock valued at $316,000 after buying an additional 79 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Ulta Beauty by 21.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,157 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 380 shares during the last quarter. Decatur Capital Management Inc. purchased a new position in shares of Ulta Beauty during the second quarter valued at approximately $9,267,000. Aviva PLC raised its position in shares of Ulta Beauty by 0.7% in the second quarter. Aviva PLC now owns 37,595 shares of the specialty retailer’s stock valued at $10,804,000 after buying an additional 260 shares during the last quarter. Finally, Twin Capital Management Inc. raised its position in shares of Ulta Beauty by 7.3% in the second quarter. Twin Capital Management Inc. now owns 23,490 shares of the specialty retailer’s stock valued at $6,750,000 after buying an additional 1,590 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 211.78 on Wednesday. The stock has a 50 day moving average price of $249.47 and a 200-day moving average price of $277.02. The company has a market cap of $13.12 billion, a P/E ratio of 28.19 and a beta of 0.57. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts predict that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
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Several research analysts have recently commented on the company. Morgan Stanley decreased their target price on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank Of Canada reduced their price objective on Ulta Beauty from $250.00 to $212.36 and set a “sector perform” rating for the company in a research report on Monday. Buckingham Research set a $225.00 price objective on Ulta Beauty and gave the company a “hold” rating in a research report on Friday, August 25th. KeyCorp restated a “buy” rating and set a $300.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $285.52.
In related news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the sale, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on 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 directly owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
Ulta Beauty Company Profile
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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