Ulta Beauty Inc. (NASDAQ:ULTA) Position Boosted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 114.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,410 shares of the specialty retailer’s stock after buying an additional 37,530 shares during the period. Pictet Asset Management Ltd.’s holdings in Ulta Beauty were worth $21,464,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 40 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of Ulta Beauty during the first quarter valued at about $120,000. FNY Partners Fund LP acquired a new position in shares of Ulta Beauty during the first quarter valued at about $142,000. NEXT Financial Group Inc raised its position in shares of Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 86 shares during the period. Finally, EFG Asset Management Americas Corp. acquired a new position in shares of Ulta Beauty during the first quarter valued at about $221,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at 251.05 on Friday. The company has a market cap of $15.57 billion, a P/E ratio of 35.25 and a beta of 0.57. Ulta Beauty Inc. has a one year low of $225.13 and a one year high of $314.86. The company’s 50-day moving average price is $262.09 and its 200 day moving average price is $279.55.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, equities research analysts anticipate that Ulta Beauty Inc. will post $8.32 earnings per share for the current year.
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Several equities analysts have issued reports on the company. Zacks Investment Research lowered Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer Holdings, Inc. lowered Ulta Beauty from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $330.00 to $270.00 in a research note on Tuesday. Royal Bank Of Canada set a $310.00 price target on Ulta Beauty and gave the company a “hold” rating in a research note on Sunday, May 28th. BMO Capital Markets reissued an “outperform” rating and issued a $345.00 price target on shares of Ulta Beauty in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies set a $333.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Saturday, May 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $319.05.
In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty stock in a transaction 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 completion of the transaction, the director now owns 4,717 shares in the company, valued at $1,457,788.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction on Monday, June 5th. The shares were 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 of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
About Ulta Beauty
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.
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