Bridgewater Associates LP purchased a new stake in Ulta Beauty Inc (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 861 shares of the specialty retailer’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also modified their holdings of ULTA. Profund Advisors LLC boosted its holdings in shares of Ulta Beauty by 3.8% during the 1st quarter. Profund Advisors LLC now owns 5,590 shares of the specialty retailer’s stock valued at $1,142,000 after acquiring an additional 204 shares in the last quarter. First National Bank of Omaha boosted its holdings in shares of Ulta Beauty by 0.5% during the 2nd quarter. First National Bank of Omaha now owns 43,749 shares of the specialty retailer’s stock valued at $7,303,000 after acquiring an additional 223 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Ulta Beauty by 120.0% during the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 240 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its holdings in shares of Ulta Beauty by 1.9% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 13,502 shares of the specialty retailer’s stock valued at $3,152,000 after acquiring an additional 250 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Ulta Beauty by 1.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,761 shares of the specialty retailer’s stock valued at $3,913,000 after acquiring an additional 259 shares in the last quarter. Institutional investors own 90.68% of the company’s stock.

ULTA has been the topic of several recent research reports. Zacks Investment Research downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. BidaskClub raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Wells Fargo & Co set a $278.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Buckingham Research raised their price objective on Ulta Beauty from $270.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $266.72.

Shares of ULTA opened at $283.63 on Thursday. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.42 and a beta of 0.72. Ulta Beauty Inc has a 12 month low of $187.96 and a 12 month high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. equities analysts anticipate that Ulta Beauty Inc will post 10.84 earnings per share for the current fiscal year.

In other news, Director Dennis K. Eck sold 10,900 shares of the business’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $250.57, for a total value of $2,731,213.00. Following the transaction, the director now directly owns 386,794 shares of the company’s stock, valued at approximately $96,918,972.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 3,500 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $251.53, for a total value of $880,355.00. Following the completion of the transaction, the director now directly owns 380,294 shares in the company, valued at $95,655,349.82. The disclosure for this sale can be found here. Insiders have sold a total of 16,400 shares of company stock worth $4,163,948 over the last ninety days. Company insiders own 5.60% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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

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