Profund Advisors LLC Reduces Holdings in Ulta Beauty Inc. $ULTA

Profund Advisors LLC reduced its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719 shares of the specialty retailer’s stock after selling 127 shares during the period. Profund Advisors LLC’s holdings in Ulta Beauty were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after acquiring an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after purchasing an additional 410,900 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Ulta Beauty by 64.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Pacer Advisors Inc. raised its stake in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock valued at $80,753,000 after purchasing an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Ulta Beauty by 237.7% in the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after purchasing an additional 190,353 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Stock Down 0.8%

Shares of NASDAQ ULTA opened at $529.34 on Friday. The stock has a market capitalization of $23.74 billion, a PE ratio of 20.30, a P/E/G ratio of 2.94 and a beta of 1.05. The firm has a fifty day moving average of $531.31 and a 200-day moving average of $492.44. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company posted $5.30 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price on the stock in a research report on Thursday, September 25th. Robert W. Baird boosted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wall Street Zen lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.