Ulta Beauty Inc (NASDAQ:ULTA) Shares Acquired by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC lifted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 47.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 937 shares of the specialty retailer’s stock after purchasing an additional 300 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Ulta Beauty were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. NEXT Financial Group Inc boosted its holdings in shares of Ulta Beauty by 42.0% during the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares during the last quarter. BancorpSouth Bank lifted its holdings in Ulta Beauty by 2.6% in the second quarter. BancorpSouth Bank now owns 1,226 shares of the specialty retailer’s stock valued at $426,000 after acquiring an additional 31 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its holdings in Ulta Beauty by 85.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 34 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Ulta Beauty by 4.2% in the first quarter. Moors & Cabot Inc. now owns 972 shares of the specialty retailer’s stock valued at $340,000 after acquiring an additional 39 shares during the last quarter. Finally, Altman Advisors Inc. lifted its holdings in Ulta Beauty by 0.8% in the second quarter. Altman Advisors Inc. now owns 5,589 shares of the specialty retailer’s stock valued at $1,939,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

NASDAQ:ULTA traded down $9.64 during trading hours on Wednesday, reaching $326.87. 371,490 shares of the stock were exchanged, compared to its average volume of 740,610. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.93 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $348.51. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $368.83. The stock has a market cap of $19.95 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.02. Ulta Beauty had a return on equity of 36.48% and a net margin of 9.92%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.

In other Ulta Beauty news, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $354.03, for a total transaction of $708,060.00. Following the transaction, the director now directly owns 8,368 shares in the company, valued at $2,962,523.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sally E. Blount sold 315 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $359.28, for a total value of $113,173.20. Following the transaction, the director now owns 989 shares in the company, valued at $355,327.92. The disclosure for this sale can be found here. Insiders have sold 2,715 shares of company stock worth $958,441 over the last 90 days. 4.20% of the stock is owned by insiders.

A number of research analysts recently commented on ULTA shares. BidaskClub cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. UBS Group upped their price objective on Ulta Beauty from $370.00 to $390.00 and gave the company a “top pick” rating in a report on Thursday, July 25th. Robert W. Baird reiterated an “outperform” rating and issued a $395.00 price objective (up from $365.00) on shares of Ulta Beauty in a report on Thursday, April 18th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective on the stock in a report on Monday, May 20th. Finally, Deutsche Bank upped their price objective on Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a report on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and an average target price of $353.39.

Ulta Beauty Company Profile

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

Featured Story: Reverse Stock Split

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc (NASDAQ:ULTA).

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

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit