Sanders Capital LLC Has $542.80 Million Holdings in Ulta Beauty Inc. $ULTA

Sanders Capital LLC trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160,280 shares of the specialty retailer’s stock after selling 29,890 shares during the period. Sanders Capital LLC’s holdings in Ulta Beauty were worth $542,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its stake in Ulta Beauty by 17.7% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 23 shares during the period. Chesley Taft & Associates LLC grew its holdings in shares of Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management grew its holdings in shares of Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 24 shares in the last quarter. Wambolt & Associates LLC increased its position in shares of Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after purchasing an additional 26 shares during the period. Finally, CX Institutional raised its stake in Ulta Beauty by 8.2% in the second quarter. CX Institutional now owns 424 shares of the specialty retailer’s stock valued at $198,000 after purchasing an additional 32 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Evercore ISI increased their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Raymond James Financial restated an “outperform” rating and set a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Wells Fargo & Company raised their target price on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a report on Thursday, October 16th. Finally, Barclays lifted their price target on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $529.34 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The firm has a market capitalization of $23.74 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.91 and a beta of 1.05. The company’s 50 day moving average price is $531.31 and its two-hundred day moving average price is $493.15.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business earned $5.30 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.