Icon Advisers Inc. Co. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 232.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,960 shares of the specialty retailer’s stock after acquiring an additional 6,960 shares during the period. Icon Advisers Inc. Co.’s holdings in Ulta Beauty were worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ULTA. BlackRock Inc. raised its stake in Ulta Beauty by 2,734.8% in the 1st quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock valued at $1,143,188,000 after acquiring an additional 3,866,567 shares during the period. Wells Fargo & Company MN raised its stake in Ulta Beauty by 137.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after acquiring an additional 609,671 shares during the period. Harbour Capital Advisors LLC raised its stake in Ulta Beauty by 28,419.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock valued at $1,990,000 after acquiring an additional 569,802 shares during the period. Wellington Management Group LLP raised its stake in Ulta Beauty by 1,786.4% in the 1st quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock valued at $128,253,000 after acquiring an additional 425,812 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Ulta Beauty by 31.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after acquiring an additional 317,441 shares during the period. Institutional investors and hedge funds own 88.01% of the company’s stock.

A number of research firms recently weighed in on ULTA. Piper Jaffray Companies restated an “overweight” rating and issued a $260.00 price target (down previously from $330.00) on shares of Ulta Beauty in a research note on Tuesday, September 5th. Robert W. Baird restated an “outperform” rating and issued a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets restated an “outperform” rating and issued a $345.00 price target on shares of Ulta Beauty in a research note on Thursday, July 27th. Jefferies Group LLC set a $266.00 price target on Ulta Beauty and gave the company a “hold” rating in a research note on Wednesday, May 31st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $310.00 price target on shares of Ulta Beauty in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $281.63.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 222.89 on Friday. Ulta Beauty Inc. has a 12-month low of $204.01 and a 12-month high of $314.86. The stock’s 50 day moving average price is $235.85 and its 200 day moving average price is $272.29. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 29.67 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty Inc. will post $8.38 earnings per share for the current year.

In related news, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the purchase, the director now owns 6,224 shares in the company, valued at approximately $1,296,894.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

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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.

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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