Stevens Capital Management LP Acquires Shares of 1,564 Ulta Beauty Inc. $ULTA

Stevens Capital Management LP acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, Holdings Channel reports. The fund acquired 1,564 shares of the specialty retailer’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Hemington Wealth Management lifted its holdings in shares of Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. Ransom Advisory Ltd acquired a new position in Ulta Beauty in the 1st quarter valued at $36,000. Costello Asset Management INC acquired a new position in Ulta Beauty in the 1st quarter valued at $37,000. MTM Investment Management LLC purchased a new position in Ulta Beauty during the 2nd quarter worth $47,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth $52,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ULTA has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on shares of Ulta Beauty from $650.00 to $653.00 and gave the company a “buy” rating in a report on Friday, October 10th. Bank of America raised their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Loop Capital reissued a “hold” rating and set a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Finally, DA Davidson raised their price target on Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $550.38.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $515.58 on Friday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23. The business has a 50 day moving average price of $530.13 and a 200 day moving average price of $496.31. The company has a market capitalization of $23.12 billion, a P/E ratio of 19.77, a P/E/G ratio of 3.29 and a beta of 1.05.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.Ulta Beauty’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.30 earnings per share. As a group, research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity

In other news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares in the company, valued at $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

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.