LS Investment Advisors LLC Increases Stake in Ulta Beauty Inc. (ULTA)

LS Investment Advisors LLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,301 shares of the specialty retailer’s stock after buying an additional 57 shares during the period. LS Investment Advisors LLC’s holdings in Ulta Beauty were worth $661,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised 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 buying an additional 40 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in Ulta Beauty during the first quarter worth approximately $120,000. FNY Partners Fund LP bought a new position in Ulta Beauty during the first quarter worth approximately $142,000. NEXT Financial Group Inc increased its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in Ulta Beauty by 316.8% in the second quarter. Copper Rock Capital Partners LLC now owns 842 shares of the specialty retailer’s stock worth $215,000 after buying an additional 640 shares during the last quarter. 85.68% of the stock is owned by institutional investors and hedge funds.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) traded up 1.15% on Friday, hitting $244.20. The company had a trading volume of 814,120 shares. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86. The company has a 50 day moving average price of $256.00 and a 200 day moving average price of $278.55. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 34.29 and a beta of 0.57.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty Inc. will post $8.32 earnings per share for the current fiscal year.

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Several analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $325.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Jefferies Group LLC raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $266.00 to $350.00 in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Morgan Stanley raised their target price on shares of Ulta Beauty from $300.00 to $313.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 31st. Finally, Guggenheim initiated coverage on shares of Ulta Beauty in a report on Tuesday, June 13th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Hold” and an average target price of $319.05.

In other news, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,457,788.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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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