Stevens Capital Management LP raised its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 76.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,096 shares of the specialty retailer’s stock after buying an additional 25,633 shares during the period. Stevens Capital Management LP’s holdings in Ulta Beauty were worth $13,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital One National Association acquired a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $205,000. Atria Investments LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $1,567,000. Emerald Advisers Inc. PA acquired a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $1,141,000. Exane Derivatives acquired a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $1,121,000. Finally, Wells Fargo & Company MN grew its stake in shares of Ulta Beauty by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock worth $173,515,000 after purchasing an additional 29,590 shares during the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ULTA stock traded up $3.46 during trading on Tuesday, hitting $242.78. 6,292 shares of the company were exchanged, compared to its average volume of 672,728. The stock has a market cap of $14.14 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.17 and a beta of 0.72. Ulta Beauty Inc has a twelve month low of $187.96 and a twelve month high of $261.40.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $2.70 EPS for the quarter, topping the consensus estimate of $2.48 by $0.22. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 32.15%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.

Several research firms have recently weighed in on ULTA. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine downgraded shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Atlantic Securities began coverage on shares of Ulta Beauty in a research report on Tuesday, June 19th. They issued an “overweight” rating and a $303.00 target price on the stock. Deutsche Bank set a $244.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Monday, May 7th. Finally, OTR Global raised shares of Ulta Beauty to a “positive” rating in a research report on Monday, May 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Ulta Beauty presently has a consensus rating of “Buy” and an average target price of $264.44.

In related news, Director Vanessa Ames Wittman sold 600 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $249.94, for a total transaction of $149,964.00. Following the completion of the sale, the director now directly owns 2,785 shares in the company, valued at $696,082.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $252.44, for a total transaction of $100,976.00. Following the sale, the director now owns 3,188 shares of the company’s stock, valued at $804,778.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,432 shares of company stock valued at $20,206,877. 5.60% of the stock is currently owned by corporate insiders.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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

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