Shell Asset Management Co. raised its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,720 shares of the specialty retailer’s stock after buying an additional 135 shares during the period. Shell Asset Management Co.’s holdings in Ulta Beauty were worth $1,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Ulta Beauty by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 35,331 shares of the specialty retailer’s stock valued at $9,007,000 after buying an additional 3,635 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Ulta Beauty by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 51,405 shares of the specialty retailer’s stock valued at $14,662,000 after buying an additional 1,615 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Ulta Beauty by 3.5% in the first quarter. Gulf International Bank UK Ltd now owns 18,688 shares of the specialty retailer’s stock valued at $5,330,000 after buying an additional 640 shares in the last quarter. Bank of Montreal Can raised its position in shares of Ulta Beauty by 3.3% in the first quarter. Bank of Montreal Can now owns 26,495 shares of the specialty retailer’s stock valued at $7,558,000 after buying an additional 845 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Ulta Beauty by 168.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,476 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 926 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Shares of Ulta Beauty Inc (NASDAQ:ULTA) opened at 248.81 on Tuesday. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 34.94 and a beta of 0.57. The company’s 50-day moving average price is $272.51 and its 200 day moving average price is $280.75. Ulta Beauty Inc has a 12-month low of $225.13 and a 12-month high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.12. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a return on equity of 32.23% and a net margin of 9.75%. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, equities research analysts forecast that Ulta Beauty Inc will post $8.32 EPS for the current fiscal year.

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ULTA has been the topic of several recent analyst reports. Loop Capital raised Ulta Beauty from a “hold” rating to a “buy” rating and upped their target price for the company from $285.00 to $350.00 in a research report on Monday, April 10th. Jefferies Group LLC set a $266.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Thursday, April 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $314.00 target price on shares of Ulta Beauty in a research report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $322.21.

In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the transaction, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the transaction, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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

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