Ulta Beauty Inc. (NASDAQ:ULTA) Shares Bought by Summit Securities Group LLC
Summit Securities Group LLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 296.8% during the second quarter, Holdings Channel reports. The fund owned 7,856 shares of the specialty retailer’s stock after buying an additional 5,876 shares during the period. Ulta Beauty makes up about 0.4% of Summit Securities Group LLC’s investment portfolio, making the stock its 20th largest position. Summit Securities Group LLC’s holdings in Ulta Beauty were worth $2,257,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Balasa Dinverno & Foltz LLC raised its stake in shares of Ulta Beauty by 1.0% in the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after buying an additional 10 shares during the last quarter. Wendell David Associates Inc. raised its stake in Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after buying an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised its stake in Ulta Beauty by 1.1% in the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after buying an additional 18 shares in the last quarter. Trust Investment Advisors raised its stake in Ulta Beauty by 0.7% in the first quarter. Trust Investment Advisors now owns 3,865 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 25 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after buying an additional 25 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.
Ulta Beauty Inc. (NASDAQ ULTA) opened at 246.87 on Friday. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86. The firm has a market cap of $15.31 billion, a P/E ratio of 34.67 and a beta of 0.57. The firm has a 50-day moving average of $263.04 and a 200 day moving average of $279.65.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The company 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% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. On average, analysts predict that Ulta Beauty Inc. will post $8.32 EPS for the current year.
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A number of analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. lowered Ulta Beauty from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $330.00 to $270.00 in a research report on Tuesday. Zacks Investment Research lowered Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday. CIBC reaffirmed a “market perform” rating on shares of Ulta Beauty in a research report on Monday, July 31st. Cowen and Company set a $336.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price objective on shares of Ulta Beauty in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $319.05.
In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on 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 directly owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was 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 $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is owned by company 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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