First Allied Advisory Services Inc. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,589 shares of the specialty retailer’s stock after selling 429 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Ulta Beauty were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 173,627 shares during the period. BlackRock Inc. boosted its position in shares of Ulta Beauty by 6.2% during the 2nd quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after acquiring an additional 247,992 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Ulta Beauty by 9.1% during the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ulta Beauty by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after acquiring an additional 83,081 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Ulta Beauty by 31.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after acquiring an additional 317,441 shares during the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at 220.63 on Friday. The stock has a market capitalization of $13.55 billion, a PE ratio of 29.37 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. The stock’s 50 day moving average price is $224.96 and its 200 day moving average price is $266.27.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results 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 return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

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ULTA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price target for the company in a research report on Thursday, July 13th. Morgan Stanley dropped their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research report on Monday, August 28th. Guggenheim initiated coverage on Ulta Beauty in a research report on Tuesday, June 13th. They set a “neutral” rating for the company. Deutsche Bank AG reiterated a “hold” rating and set a $300.00 price target on shares of Ulta Beauty in a research report on Monday, June 26th. Finally, Telsey Advisory Group dropped their price target on Ulta Beauty from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. 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. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $279.96.

In other Ulta Beauty news, Director Michael R. Macdonald purchased 2,000 shares of Ulta Beauty stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at approximately $1,296,894.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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