EFG Asset Management Americas Corp. Increases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

EFG Asset Management Americas Corp. raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 67.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,570 shares of the specialty retailer’s stock after acquiring an additional 1,835 shares during the period. EFG Asset Management Americas Corp.’s holdings in Ulta Beauty were worth $1,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nvwm LLC grew its holdings in shares of Ulta Beauty by 2.1% in the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after purchasing an additional 21 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 21 shares during the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 25 shares during the last quarter. Bfsg LLC grew its holdings in shares of Ulta Beauty by 0.4% in the first quarter. Bfsg LLC now owns 6,284 shares of the specialty retailer’s stock worth $3,286,000 after purchasing an additional 26 shares during the last quarter. Finally, Commerce Bank lifted its stake in Ulta Beauty by 1.0% in the fourth quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after acquiring an additional 26 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Raymond James lowered Ulta Beauty from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $500.00 to $450.00 in a research note on Friday, August 30th. Evercore ISI lowered their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Jefferies Financial Group lowered their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday, May 24th. JPMorgan Chase & Co. raised their price objective on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $430.74.

Ulta Beauty Price Performance

NASDAQ ULTA traded up $3.81 during trading hours on Friday, hitting $367.59. The company’s stock had a trading volume of 1,077,258 shares, compared to its average volume of 928,084. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company’s 50 day simple moving average is $369.52 and its two-hundred day simple moving average is $420.22. The company has a market cap of $17.54 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business posted $6.02 earnings per share. Ulta Beauty’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ulta Beauty 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 sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Ulta Beauty 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 sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Company 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.