Stonegate Investment Group LLC Has $2.42 Million Holdings in Ulta Beauty Inc. (NASDAQ:ULTA)

Stonegate Investment Group LLC reduced its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 0.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,589 shares of the specialty retailer’s stock after selling 34 shares during the quarter. Stonegate Investment Group LLC’s holdings in Ulta Beauty were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Capital World Investors bought a new stake in Ulta Beauty in the 4th quarter valued at $430,674,000. Norges Bank bought a new stake in Ulta Beauty in the 4th quarter valued at $239,432,000. Marshall Wace LLP increased its holdings in Ulta Beauty by 10,336.7% in the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock valued at $199,681,000 after buying an additional 454,711 shares during the period. GAMMA Investing LLC increased its holdings in Ulta Beauty by 38,770.6% in the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer’s stock valued at $162,565,000 after buying an additional 442,372 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ulta Beauty in the 4th quarter valued at $73,780,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.1%

Shares of NASDAQ ULTA opened at $473.85 on Friday. The firm’s 50-day simple moving average is $417.25 and its 200 day simple moving average is $398.50. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.80 and a beta of 1.09. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.47 EPS. On average, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ULTA has been the topic of several analyst reports. Loop Capital reissued a “buy” rating and issued a $510.00 price target (up previously from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Citigroup boosted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Robert W. Baird boosted their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Argus lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Finally, DA Davidson boosted their price target on shares of Ulta Beauty from $415.00 to $485.00 and gave the company a “buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $462.22.

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.