Ulta Beauty Inc. (NASDAQ:ULTA) Stake Raised by Wedbush Securities Inc

Paterniano Del Favero
Agosto 13, 2017

Quadrature Capital Ltd increased its position in shares of Ulta Beauty by 1,320.3% in the fourth quarter. (NASDAQ:ULTA) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer's stock worth $1,587,143,000 after buying an additional 163,839 shares in the last quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. It also increased its holding in Cnb Finl Corp Pa (NASDAQ:CCNE) by 43,000 shares in the quarter, for a total of 288,000 shares, and has risen its stake in Svb Finl Group (NASDAQ:SIVB). NEXT Financial Group Inc now owns 565 shares of the specialty retailer's stock valued at $159,000 after buying an additional 86 shares during the last quarter. Marietta Inv Prns Limited Liability Corp has invested 1.96% in Ulta Beauty Inc (NASDAQ:ULTA). Trust Investment Advisors now owns 3,865 shares of the specialty retailer's stock valued at $1,102,000 after buying an additional 25 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Ulta Beauty by 8.4% in the first quarter. The specialty retailer reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. First Trust Advisors LP now owns 85,576 shares of the specialty retailer's stock valued at $24,589,000 after buying an additional 5,837 shares in the last quarter. NEXT Financial Group Inc boosted its position in Ulta Beauty by 18.0% in the first quarter. The institutional investor owned 816 shares of the specialty retailer's stock at the end of the second quarter. Ing Groep Nv invested in 15,604 shares or 0.08% of the stock.

Ulta Beauty Inc. has a one year low of $225.13 and a one year high of $314.86. Edward Jones downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a report on Wednesday, May 24th. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 35.25 and a beta of 0.57. The company's 50-day moving average price is $262.09 and its 200 day moving average price is $279.55.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.12. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The company's revenue for the quarter was up 22.4% on a year-over-year basis. They expect $1.78 earnings per share, up 24.48% or $0.35 from last year's $1.43 per share. Buckingham Research maintained Ulta Beauty Inc (NASDAQ:ULTA) on Friday, May 27 with "Buy" rating. Pax World Mngmt Ltd Liability invested 0.04% in Ulta Beauty Inc (NASDAQ:ULTA). Oklahoma-based Bridgecreek Invest Ltd Liability Co has invested 1.23% in Ulta Beauty Inc (NASDAQ:ULTA). If you are viewing this piece on another site, it was illegally copied and republished in violation of USA & global copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/12/ulta-beauty-inc-nasdaqulta-position-maintained-by-btc-capital-management-inc.html.

A number of equities research analysts have recently issued reports on ULTA shares. Oppenheimer Holdings, Inc. downgraded shares of Ulta Beauty from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $330.00 to $270.00 in a report on Tuesday. Piper Jaffray Companies set a $333.00 target price on Ulta Beauty and gave the company a "buy" rating in a research note on Saturday, May 27th. Stifel Nicolaus reaffirmed a "hold" rating and set a $325.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price objective on Ulta Beauty and gave the company a "hold" rating in a research report on Sunday, May 28th. The firm has "Buy" rating by BMO Capital Markets given on Wednesday, July 19. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Ridgeworth Capital Management Llc sold 17,307 shares as Ulta Salon Cosmetcs & Frag I (ULTA)'s stock rose 6.88%. Following the completion of the transaction, the director now owns 4,126 shares of the company's stock, valued at approximately $1,288,797.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction that occurred on Friday, June 2nd. Oregon Public Employees Retirement Fund bought 2,192 shares as the company's stock rose 6.88% with the market. Following the transaction, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Parkside Fincl Bank & Tru stated it has 0.01% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA). The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company's own private label.

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