Municipal Employees Retirement System of Michigan raised its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 74.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,290 shares of the specialty retailer’s stock after buying an additional 1,400 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Ulta Beauty were worth $945,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Macquarie Group Ltd. increased its position in Ulta Beauty by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 35,331 shares of the specialty retailer’s stock worth $9,007,000 after buying an additional 3,635 shares during the last quarter. Gulf International Bank UK Ltd increased its position in 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 worth $5,330,000 after buying an additional 640 shares during the last quarter. Bank of Montreal Can increased its position in Ulta Beauty by 3.3% in the first quarter. Bank of Montreal Can now owns 26,495 shares of the specialty retailer’s stock worth $7,558,000 after buying an additional 845 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in Ulta Beauty by 168.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,476 shares of the specialty retailer’s stock worth $421,000 after buying an additional 926 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Ulta Beauty during the first quarter worth about $281,000. Institutional investors own 85.63% of the company’s stock.

Shares of Ulta Beauty Inc. (ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 52-week low of $225.13 and a 52-week high of $314.86. The firm has a market capitalization of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57. The stock has a 50 day moving average price of $262.09 and a 200-day moving average price of $279.55.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. Ulta Beauty’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. Equities analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current year.

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ULTA has been the subject of a number of research reports. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a report on Monday, May 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $350.00 price objective on shares of Ulta Beauty in a report on Friday, July 14th. Oppenheimer Holdings, Inc. downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Monday, July 31st. BidaskClub downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $290.00 price objective on shares of Ulta Beauty in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $319.05.

In other news, Director Robert F. Diromualdo sold 20,000 shares of the company’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 value of $6,181,000.00. Following the completion of the transaction, the director now directly owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. Corporate 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.

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

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