OMERS ADMINISTRATION Corp Has $11.77 Million Stake in Ulta Beauty Inc. $ULTA

OMERS ADMINISTRATION Corp cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,162 shares of the specialty retailer’s stock after selling 800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Ulta Beauty were worth $11,771,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hemington Wealth Management lifted its holdings in Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 40 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Ulta Beauty in the 2nd quarter worth about $35,000. Ransom Advisory Ltd acquired a new position in shares of Ulta Beauty in the 1st quarter valued at about $36,000. Costello Asset Management INC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $37,000. Finally, MTM Investment Management LLC acquired a new stake in Ulta Beauty during the second quarter worth approximately $47,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Trading Up 1.0%

ULTA opened at $540.38 on Monday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.57 and a beta of 0.87. The company’s fifty day moving average price is $530.33 and its two-hundred day moving average price is $502.24.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 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 previous year, the firm posted $5.30 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. UBS Group lifted their price objective on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Oppenheimer raised their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $550.38.

Ulta Beauty Company Profile

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.