Financial Counselors Inc. Has $1.34 Million Holdings in Ulta Beauty Inc. (ULTA)
Financial Counselors Inc. raised its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,661 shares of the specialty retailer’s stock after purchasing an additional 272 shares during the period. Financial Counselors Inc.’s holdings in Ulta Beauty were worth $1,339,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Ulta Beauty by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock valued at $1,587,143,000 after purchasing an additional 163,839 shares during the period. BlackRock Inc. boosted its holdings in Ulta Beauty by 2,734.8% in the 1st quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after purchasing an additional 3,866,567 shares during the period. Jennison Associates LLC boosted its holdings in Ulta Beauty by 9.1% in the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after purchasing an additional 205,289 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ulta Beauty by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after purchasing an additional 83,081 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Ulta Beauty by 31.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after purchasing an additional 317,441 shares during the period. 88.01% of the stock is owned by hedge funds and other institutional investors.
ULTA has been the subject of several analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $330.00 price target (up from $315.00) on shares of Ulta Beauty in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Edward Jones downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Robert W. Baird set a $325.00 price target on shares of Ulta Beauty and gave the company an “outperform” rating in a report on Thursday, May 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $360.00 price target (up from $320.00) on shares of Ulta Beauty in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Ulta Beauty has a consensus rating of “Hold” and an average price target of $281.63.
In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 228.60 on Tuesday. The company has a market capitalization of $14.16 billion, a P/E ratio of 30.43 and a beta of 0.57. The firm has a 50-day moving average of $238.38 and a 200 day moving average of $273.65. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $1.43 earnings per share. Ulta Beauty’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty Inc. will post $8.38 EPS for the current year.
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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