Zevenbergen Capital Investments LLC Has $36.33 Million Position in Ulta Beauty Inc. (ULTA)
Zevenbergen Capital Investments LLC trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,428 shares of the specialty retailer’s stock after selling 8,195 shares during the quarter. Ulta Beauty makes up about 1.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 27th biggest position. Zevenbergen Capital Investments LLC owned 0.20% of Ulta Beauty worth $36,328,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Balasa Dinverno & Foltz LLC grew its stake in Ulta Beauty by 1.0% during the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after buying an additional 10 shares during the last quarter. Wendell David Associates Inc. grew its stake in Ulta Beauty by 1.3% during the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after buying an additional 16 shares during the last quarter. Chase Investment Counsel Corp grew its stake in Ulta Beauty by 1.1% during the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after buying an additional 18 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in Ulta Beauty by 0.7% during the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after buying an additional 25 shares during the last quarter. Finally, Cleararc Capital Inc. grew its stake in Ulta Beauty by 1.9% during the first quarter. Cleararc Capital Inc. now owns 1,448 shares of the specialty retailer’s stock worth $413,000 after buying an additional 27 shares during the last quarter. 87.91% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on ULTA. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $260.00 price objective (down from $330.00) on shares of Ulta Beauty in a research note on Tuesday, September 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $295.00 price objective (down from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed an “outperform” rating and set a $345.00 price objective on shares of Ulta Beauty in a research note on Thursday, July 27th. Jefferies Group LLC set a $266.00 price objective on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $310.00 price objective on shares of Ulta Beauty in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. Ulta Beauty has a consensus rating of “Hold” and an average price target of $281.63.
In other Ulta Beauty news, Director Michael R. Macdonald bought 2,000 shares of Ulta Beauty stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.
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Shares of Ulta Beauty Inc. (NASDAQ:ULTA) traded up 0.265% during trading on Friday, reaching $220.323. 303,900 shares of the company traded hands. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 29.329 and a beta of 0.57. The company has a 50 day moving average price of $233.76 and a 200 day moving average price of $271.14. Ulta Beauty Inc. has a 12-month low of $204.01 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty Inc. will post $8.38 EPS for the current year.
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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