Van ECK Associates Corp Raises Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Van ECK Associates Corp raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,834 shares of the specialty retailer’s stock after purchasing an additional 783 shares during the quarter. Van ECK Associates Corp’s holdings in Ulta Beauty were worth $5,526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ULTA. Coppell Advisory Solutions LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter valued at $26,000. Parkside Financial Bank & Trust grew its holdings in shares of Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Ulta Beauty during the 1st quarter valued at $31,000. Fortis Capital Advisors LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $31,000. Finally, RFP Financial Group LLC lifted its stake in shares of Ulta Beauty by 219.0% in the 2nd quarter. RFP Financial Group LLC now owns 67 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ULTA. JPMorgan Chase & Co. cut their price objective on shares of Ulta Beauty from $526.00 to $505.00 and set an “overweight” rating for the company in a research report on Wednesday, November 29th. Oppenheimer reissued an “outperform” rating and set a $525.00 price target on shares of Ulta Beauty in a research note on Friday, December 1st. UBS Group increased their price objective on shares of Ulta Beauty from $560.00 to $575.00 and gave the company a “buy” rating in a report on Friday, December 1st. Argus increased their price objective on shares of Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Raymond James cut their target price on shares of Ulta Beauty from $550.00 to $500.00 and set a “strong-buy” rating on the stock in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $528.95.

Get Our Latest Stock Report on ULTA

Insiders Place Their Bets

In other Ulta Beauty news, Director Lorna Nagler sold 500 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total transaction of $244,090.00. Following the completion of the transaction, the director now owns 6,529 shares in the company, valued at $3,187,327.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lorna Nagler sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the sale, the director now directly owns 6,529 shares of the company’s stock, valued at $3,187,327.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jodi J. Caro sold 1,804 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $490.02, for a total transaction of $883,996.08. Following the completion of the sale, the insider now directly owns 5,590 shares in the company, valued at $2,739,211.80. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Ulta Beauty Stock Up 0.7 %

Ulta Beauty stock opened at $522.63 on Friday. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $556.60. The firm’s fifty day moving average is $487.91 and its 200 day moving average is $437.56. The company has a market capitalization of $25.38 billion, a PE ratio of 21.20, a PEG ratio of 2.16 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.96 by $0.11. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.47 billion. Ulta Beauty had a net margin of 11.37% and a return on equity of 61.42%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.34 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 25.52 EPS for the current fiscal year.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

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

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