C M Bidwell & Associates Ltd. lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,210 shares of the specialty retailer’s stock after purchasing an additional 60 shares during the quarter. Ulta Beauty accounts for 1.9% of C M Bidwell & Associates Ltd.’s portfolio, making the stock its 13th largest position. C M Bidwell & Associates Ltd. owned approximately 0.05% of Ulta Beauty worth $8,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its position in shares of Ulta Beauty by 0.7% during the second quarter. Cubist Systematic Strategies LLC now owns 7,977 shares of the specialty retailer’s stock worth $2,292,000 after purchasing an additional 56 shares in the last quarter. Sciencast Management LP bought a new position in shares of Ulta Beauty during the second quarter worth $454,000. Green Square Capital LLC bought a new position in shares of Ulta Beauty during the second quarter worth $386,000. Maverick Capital Ltd. boosted its position in shares of Ulta Beauty by 31.8% during the second quarter. Maverick Capital Ltd. now owns 13,650 shares of the specialty retailer’s stock worth $3,922,000 after purchasing an additional 3,290 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Ulta Beauty by 448.8% during the second quarter. Janus Henderson Group PLC now owns 115,762 shares of the specialty retailer’s stock worth $33,264,000 after purchasing an additional 94,669 shares in the last quarter. 87.91% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on ULTA. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a research report on Thursday, July 27th. KeyCorp reissued a “buy” rating and set a $270.00 price target (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday. Oppenheimer Holdings, Inc. restated a “market perform” rating and set a $330.00 price objective (up from $270.00) on shares of Ulta Beauty in a report on Monday, July 31st. Jefferies Group LLC set a $300.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “hold” rating and set a $300.00 price objective on shares of Ulta Beauty in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $279.96.

Shares of Ulta Beauty Inc. (ULTA) traded down 0.33% on Friday, hitting $219.91. 1,479,151 shares of the stock were exchanged. The stock’s 50-day moving average is $224.35 and its 200-day moving average is $265.80. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 29.27 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. Analysts forecast 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 stock was acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

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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.

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

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