Janus Henderson Group PLC lifted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,446 shares of the specialty retailer’s stock after purchasing an additional 5,573 shares during the quarter. Janus Henderson Group PLC’s holdings in Ulta Beauty were worth $8,042,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ULTA. Huntington National Bank boosted its position in shares of Ulta Beauty by 120.0% in the 2nd quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after buying an additional 240 shares in the last quarter. Altman Advisors Inc. boosted its position in shares of Ulta Beauty by 315.5% in the 2nd quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after buying an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth about $151,000. Dupont Capital Management Corp purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth about $162,000. Finally, Optimum Investment Advisors purchased a new stake in shares of Ulta Beauty in the 1st quarter worth about $163,000. Institutional investors and hedge funds own 90.68% of the company’s stock.

Several research firms recently commented on ULTA. BMO Capital Markets boosted their price objective on shares of Ulta Beauty from $220.00 to $230.00 and gave the stock a “market perform” rating in a research report on Friday, June 1st. BidaskClub upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Stifel Nicolaus decreased their price objective on shares of Ulta Beauty from $250.00 to $245.00 and set a “hold” rating on the stock in a research report on Friday, August 24th. Finally, ValuEngine upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $267.92.

In other news, Director Lorna Nagler sold 2,000 shares of the stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the transaction, the director now directly owns 7,923 shares in the company, valued at approximately $2,188,253.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dennis K. Eck sold 3,500 shares of the stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $251.53, for a total transaction of $880,355.00. Following the transaction, the director now owns 380,294 shares in the company, valued at $95,655,349.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,400 shares of company stock worth $14,214,198. Insiders own 5.60% of the company’s stock.

NASDAQ:ULTA opened at $281.45 on Tuesday. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.41 and a beta of 0.73. Ulta Beauty Inc has a 12-month low of $187.96 and a 12-month high of $290.30.

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

Ulta Beauty Company Profile

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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