Janus Henderson Group PLC raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 448.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,762 shares of the specialty retailer’s stock after purchasing an additional 94,669 shares during the period. Janus Henderson Group PLC owned 0.19% of Ulta Beauty worth $33,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. QS Investors LLC increased its stake in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. Balasa Dinverno & Foltz LLC increased its stake in shares of Ulta Beauty by 1.0% during the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after purchasing an additional 10 shares in the last quarter. Wendell David Associates Inc. increased its stake in shares of Ulta Beauty by 1.3% during the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp increased its stake in shares of Ulta Beauty by 1.1% during the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 18 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Ulta Beauty by 0.7% during the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after purchasing an additional 25 shares in the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.

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ULTA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a research note on Thursday, July 13th. Morgan Stanley decreased their target price 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. Cleveland Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $300.00 target price on shares of Ulta Beauty in a research note on Monday, June 26th. Finally, Telsey Advisory Group decreased their target price on shares of Ulta Beauty from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $279.49.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 193.70 on Tuesday. The company has a market cap of $11.90 billion, a P/E ratio of 25.79 and a beta of 0.57. The firm has a 50-day moving average of $220.31 and a 200-day moving average of $262.79. Ulta Beauty Inc. has a 52-week low of $187.96 and a 52-week high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Equities research analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.

In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is owned by corporate insiders.

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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