Ulta Beauty Inc (NASDAQ:ULTA) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,897,787 shares of the specialty retailer’s stock after acquiring an additional 26,998 shares during the period. Vanguard Group Inc. owned approximately 10.09% of Ulta Beauty worth $2,045,883,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ULTA. Legacy Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth $26,000. Commonwealth Bank of Australia grew its holdings in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 38 shares during the period. Next Capital Management LLC grew its holdings in Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 62 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Ulta Beauty during the second quarter worth $34,000. Finally, NEXT Financial Group Inc grew its holdings in Ulta Beauty by 42.0% during the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the period. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on ULTA shares. BidaskClub lowered Ulta Beauty from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. Oppenheimer lowered their target price on Ulta Beauty from $390.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. William Blair lowered Ulta Beauty to a “buy” rating in a report on Friday, August 30th. Finally, Jefferies Financial Group set a $310.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $303.10.

Shares of NASDAQ:ULTA traded down $1.69 on Friday, hitting $228.38. The company had a trading volume of 47,267 shares, compared to its average volume of 2,583,846. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 52-week low of $224.43 and a 52-week high of $368.83. The business has a 50 day moving average of $292.87 and a 200 day moving average of $330.59. The company has a market cap of $13.76 billion, a PE ratio of 21.02, a PEG ratio of 1.14 and a beta of 1.07.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $2.46 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty Inc will post 11.81 EPS for the current year.

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.

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

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