38,006 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Distillate Capital Partners LLC

Distillate Capital Partners LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,006 shares of the specialty retailer’s stock, valued at approximately $14,665,000. Distillate Capital Partners LLC owned 0.08% of Ulta Beauty at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vima LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty in the first quarter worth $30,000. Sound Income Strategies LLC increased its position in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the period. LRI Investments LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at $31,000. Finally, UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

ULTA opened at $393.84 on Tuesday. The business has a 50 day simple moving average of $367.99 and a 200-day simple moving average of $405.89. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a market capitalization of $18.79 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business posted $6.02 EPS. Ulta Beauty’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current year.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer reduced their price target on Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Bank of America reduced their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Canaccord Genuity Group cut their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. UBS Group decreased their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $425.29.

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.