Sigma Investment Counselors Inc. raised its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,355 shares of the specialty retailer’s stock after buying an additional 445 shares during the period. Sigma Investment Counselors Inc.’s holdings in Ulta Beauty were worth $3,263,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Iberiabank Corp raised its position in shares of Ulta Beauty by 9.2% in the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock valued at $1,307,000 after buying an additional 383 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Ulta Beauty by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 13,706 shares of the specialty retailer’s stock valued at $3,909,000 after buying an additional 1,065 shares during the period. Principal Financial Group Inc. raised its position in shares of Ulta Beauty by 0.4% in the first quarter. Principal Financial Group Inc. now owns 94,590 shares of the specialty retailer’s stock valued at $26,981,000 after buying an additional 405 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Ulta Beauty by 107.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,120 shares of the specialty retailer’s stock valued at $2,601,000 after buying an additional 4,715 shares during the period. Finally, Covenant Asset Management LLC raised its position in shares of Ulta Beauty by 1.9% in the second quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock valued at $1,056,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Ulta Beauty Inc. (NASDAQ ULTA) opened at 253.08 on Thursday. 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 $15.70 billion, a P/E ratio of 35.54 and a beta of 0.57. The firm has a 50-day moving average price of $264.23 and a 200-day moving average price of $279.89.

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

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Several brokerages recently weighed in on ULTA. Buckingham Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and increased their target price for the stock from $325.00 to $330.00 in a research report on Friday, May 26th. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Saturday, May 27th. Royal Bank Of Canada set a $310.00 target price on Ulta Beauty and gave the stock a “hold” rating in a research report on Sunday, May 28th. Robert W. Baird set a $325.00 target price on Ulta Beauty and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $360.00 target price (up from $320.00) on shares of Ulta Beauty in a research report on Friday, May 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $319.05.

In other news, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the transaction, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were 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 of the company’s stock, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is currently 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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