Advisor Partners LLC purchased a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, Holdings Channel reports. The firm purchased 867 shares of the specialty retailer’s stock, valued at approximately $249,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock valued at $1,587,143,000 after buying an additional 163,839 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after buying an additional 3,866,567 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock valued at $642,869,000 after buying an additional 55,789 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock valued at $447,047,000 after buying an additional 17,380 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock valued at $266,862,000 after buying an additional 316,898 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Ulta Beauty Inc. (ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 52-week low of $225.13 and a 52-week high of $314.86. The firm has a market capitalization of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57. The company’s 50-day moving average is $262.09 and its 200-day moving average is $279.55.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. Ulta Beauty’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the firm posted $1.45 earnings per share. Analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/advisor-partners-llc-acquires-shares-of-867-ulta-beauty-inc-nasdaqulta/1477212.html.

ULTA has been the topic of several recent research reports. Edward Jones lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Buckingham Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $325.00 to $330.00 in a research report on Friday, May 26th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective for the company in a research report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and issued a $325.00 price objective (up previously from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Ulta Beauty has a consensus 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 that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the transaction, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the transaction, the director now directly owns 4,717 shares in the company, valued at $1,457,788.85. The disclosure for this sale can be found here. Company 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.

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc. (NASDAQ:ULTA).

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.