Franklin Resources Inc. Sells 34,270 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Franklin Resources Inc. decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 12.3% during the second quarter, HoldingsChannel reports. The fund owned 245,066 shares of the specialty retailer’s stock after selling 34,270 shares during the quarter. Franklin Resources Inc.’s holdings in Ulta Beauty were worth $94,468,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ULTA. Private Capital Group LLC grew its holdings in shares of Ulta Beauty by 265.0% in the second quarter. Private Capital Group LLC now owns 73 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 53 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Ulta Beauty in the second quarter worth about $33,000. WD Rutherford LLC grew its holdings in shares of Ulta Beauty by 100.0% in the first quarter. WD Rutherford LLC now owns 90 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Ulta Beauty in the first quarter worth about $37,000. Institutional investors own 89.20% of the company’s stock.

Insider Activity

In other news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now owns 2,482 shares in the company, valued at $1,093,395.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now owns 2,482 shares in the company, valued at $1,093,395.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the transaction, the director now owns 2,168 shares in the company, valued at approximately $966,624.48. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock opened at $447.37 on Thursday. The firm has a market cap of $22.91 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.52 and a beta of 1.32. The firm has a 50-day simple moving average of $409.60 and a two-hundred day simple moving average of $401.74. Ulta Beauty, Inc. has a one year low of $330.80 and a one year high of $451.48.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $4.56 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty, Inc. will post 21.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cowen upped their price target on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Barclays upped their price objective on shares of Ulta Beauty from $491.00 to $511.00 and gave the stock an “overweight” rating in a research note on Monday, August 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ulta Beauty from $548.00 to $563.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Oppenheimer upped their price objective on shares of Ulta Beauty from $485.00 to $505.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Finally, Telsey Advisory Group upped their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $485.71.

Ulta Beauty Company Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

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

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