Rosenberg Matthew Hamilton grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 92.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 162 shares of the specialty retailer's stock after buying an additional 78 shares during the quarter. Rosenberg Matthew Hamilton's holdings in Ulta Beauty were worth $62,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Vanguard Group Inc. lifted its stake in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer's stock worth $2,344,096,000 after purchasing an additional 40,190 shares during the last quarter. BlackRock Inc. lifted its stake in Ulta Beauty by 11.4% during the fourth quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer's stock worth $1,746,223,000 after purchasing an additional 434,595 shares during the last quarter. Wellington Management Group LLP lifted its stake in Ulta Beauty by 43.1% during the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer's stock worth $906,392,000 after purchasing an additional 685,026 shares during the last quarter. State Street Corp lifted its stake in Ulta Beauty by 5.3% during the fourth quarter. State Street Corp now owns 2,208,301 shares of the specialty retailer's stock worth $910,571,000 after purchasing an additional 110,198 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Ulta Beauty by 18.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 596,823 shares of the specialty retailer's stock worth $237,666,000 after purchasing an additional 92,443 shares during the last quarter. Hedge funds and other institutional investors own 89.20% of the company's stock.
Get Ulta Beauty alerts:Ulta Beauty Price Performance
Shares of ULTA stock opened at $392.30 on Friday. The business's fifty day moving average price is $407.36 and its 200 day moving average price is $398.95. Ulta Beauty, Inc. has a 1-year low of $330.80 and a 1-year high of $451.30. The firm has a market capitalization of $20.09 billion, a PE ratio of 18.37, a P/E/G ratio of 1.54 and a beta of 1.39.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping analysts' consensus estimates of $4.96 by $0.74. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the company posted $4.56 earnings per share. Ulta Beauty's quarterly revenue was up 16.8% on a year-over-year basis. Equities research analysts expect that Ulta Beauty, Inc. will post 21.36 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ULTA shares. Deutsche Bank Aktiengesellschaft boosted their target price on Ulta Beauty from $548.00 to $563.00 and gave the stock a "buy" rating in a research note on Wednesday, August 24th. StockNews.com cut Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Wednesday. Oppenheimer boosted their price objective on Ulta Beauty from $485.00 to $505.00 and gave the company an "outperform" rating in a research note on Friday, August 26th. Piper Sandler boosted their price objective on Ulta Beauty from $485.00 to $510.00 and gave the company an "overweight" rating in a research note on Friday, August 26th. Finally, Cowen boosted their price objective on Ulta Beauty from $480.00 to $503.00 and gave the company an "outperform" rating in a research note on Friday, August 26th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $482.27.
Insider Buying and Selling
In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the business's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the sale, the director now directly owns 2,168 shares in the company, valued at $966,624.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of the business's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total transaction of $261,674.82. Following the sale, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of the business's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total value of $123,057.36. Following the sale, the director now owns 2,168 shares in the company, valued at $966,624.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Ulta Beauty Company Profile
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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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