Shelton Capital Management Buys Shares of 4,891 Ulta Beauty Inc. (ULTA)
Shelton Capital Management bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,891 shares of the specialty retailer’s stock, valued at approximately $1,405,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Ulta Beauty by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after acquiring an additional 173,627 shares during the period. BlackRock Inc. lifted its stake in shares of Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after purchasing an additional 247,992 shares during the period. Jennison Associates LLC lifted its stake in shares of Ulta Beauty by 9.1% in the second 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. lifted its stake in shares of Ulta Beauty by 4.0% in the second 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. lifted its stake in shares of Ulta Beauty by 31.9% in the second 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. Institutional investors own 87.91% of the company’s stock.
Shares of Ulta Beauty Inc. (ULTA) traded up 0.08% during midday trading on Friday, hitting $220.81. 93,814 shares of the stock were exchanged. The stock’s 50-day moving average price is $224.96 and its 200 day moving average price is $266.27. The stock has a market cap of $13.56 billion, a P/E ratio of 29.39 and a beta of 0.57. Ulta Beauty Inc. has a one year low of $204.01 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. On average, analysts anticipate that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.
In related news, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.
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Several analysts recently commented on ULTA shares. Jefferies Group LLC set a $350.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $330.00 price objective on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, August 21st. Morgan Stanley reduced their price objective on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research note on Monday, August 28th. Finally, Robert W. Baird set a $335.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $279.96.
Ulta Beauty 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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