Stephens Investment Management Group LLC Has $47.54 Million Position in Ulta Beauty Inc (NASDAQ:ULTA)

Stephens Investment Management Group LLC lowered its position in Ulta Beauty Inc (NASDAQ:ULTA) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,034 shares of the specialty retailer’s stock after selling 17,858 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.23% of Ulta Beauty worth $47,536,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Shine Investment Advisory Services Inc. raised its position in shares of Ulta Beauty by 85.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 34 shares during the period. Legacy Advisors LLC bought a new position in shares of Ulta Beauty in the second quarter valued at about $26,000. Motco bought a new position in shares of Ulta Beauty in the first quarter valued at about $29,000. Hudock Capital Group LLC bought a new position in shares of Ulta Beauty in the first quarter valued at about $34,000. Finally, NEXT Financial Group Inc raised its position in shares of Ulta Beauty by 42.0% in the second quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

In other Ulta Beauty news, Director Sally E. Blount sold 315 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $359.28, for a total transaction of $113,173.20. Following the sale, the director now directly owns 989 shares in the company, valued at $355,327.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lorna Nagler sold 2,000 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $354.03, for a total transaction of $708,060.00. Following the sale, the director now owns 8,368 shares in the company, valued at $2,962,523.04. The disclosure for this sale can be found here. Insiders have sold 2,715 shares of company stock worth $958,441 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

Ulta Beauty stock traded up $2.70 during trading hours on Thursday, reaching $323.70. 28,878 shares of the stock were exchanged, compared to its average volume of 669,312. The company has a market cap of $19.67 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.93. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $368.83. The stock has a 50 day moving average price of $348.03.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.02. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.70 earnings per share. On average, sell-side analysts predict that Ulta Beauty Inc will post 12.77 earnings per share for the current year.

Several equities analysts have recently weighed in on ULTA shares. Morgan Stanley increased their price objective on shares of Ulta Beauty from $375.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. UBS Group increased their price objective on shares of Ulta Beauty from $370.00 to $390.00 and gave the company a “top pick” rating in a research report on Thursday, July 25th. Piper Jaffray Companies set a $360.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. Deutsche Bank raised their price target on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price target on the stock in a research report on Monday, May 20th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Buy” and a consensus target price of $353.39.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, 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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