Ulta Beauty Inc. (ULTA) Holdings Held by Ropes Wealth Advisors LLC
Ropes Wealth Advisors LLC held its position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519 shares of the specialty retailer’s stock at the end of the 2nd quarter. Ropes Wealth Advisors LLC’s holdings in Ulta Beauty were worth $149,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 40 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $142,000. Lazard Asset Management LLC purchased a new stake in shares of Ulta Beauty during the second quarter valued at about $157,000. Copper Rock Capital Partners LLC lifted its position in shares of Ulta Beauty by 316.8% during the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock valued at $215,000 after buying an additional 640 shares during the last quarter. Finally, EFG Asset Management Americas Corp. purchased a new stake in shares of Ulta Beauty during the first quarter valued at about $221,000. 87.91% of the stock is owned by institutional investors.
Ulta Beauty Inc. (ULTA) traded up 0.08% during trading on Tuesday, hitting $219.07. 54,750 shares of the stock traded hands. Ulta Beauty Inc. has a 12 month low of $204.01 and a 12 month high of $314.86. The company has a market cap of $13.46 billion, a P/E ratio of 29.16 and a beta of 0.57. The company’s 50 day moving average price is $233.76 and its 200 day moving average price is $271.14.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities research analysts anticipate that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
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Several analysts have commented on ULTA shares. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $328.00 price target for the company in a research report on Monday, May 29th. Morgan Stanley increased their price target on shares of Ulta Beauty from $300.00 to $313.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 31st. Jefferies Group LLC set a $266.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Wednesday, May 31st. Stifel Nicolaus reissued a “hold” rating and set a $325.00 price target (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $330.00 price target on shares of Ulta Beauty in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $281.63.
In other Ulta Beauty news, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was 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 in the company, valued at $1,296,894.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by insiders.
About Ulta Beauty
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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