Earnest Partners LLC Has $62.11 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Earnest Partners LLC boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 31.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,777 shares of the specialty retailer’s stock after purchasing an additional 28,130 shares during the quarter. Earnest Partners LLC owned about 0.25% of Ulta Beauty worth $62,106,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ULTA. Turtle Creek Wealth Advisors LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at $25,000. Vima LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at $27,000. Riverview Trust Co acquired a new stake in Ulta Beauty in the 1st quarter valued at $30,000. Sound Income Strategies LLC lifted its stake in Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in Ulta Beauty during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Down 0.8 %

Ulta Beauty stock traded down $2.85 during midday trading on Monday, reaching $366.61. The stock had a trading volume of 1,078,301 shares, compared to its average volume of 816,053. Ulta Beauty, Inc. has a 12 month low of $362.10 and a 12 month high of $574.76. The firm’s 50-day moving average price is $387.66 and its 200 day moving average price is $449.91. The firm has a market capitalization of $17.49 billion, a PE ratio of 14.41, a P/E/G ratio of 1.71 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.88 EPS. Equities research analysts expect that Ulta Beauty, Inc. will post 25.66 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the topic of several recent analyst reports. Citigroup dropped their price objective on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. The Goldman Sachs Group dropped their price objective on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. Oppenheimer dropped their price objective on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Jefferies Financial Group dropped their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Finally, Robert W. Baird dropped their price objective on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $497.61.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.