People s United Financial Inc. Purchases 60 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

People s United Financial Inc. raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,800 shares of the specialty retailer’s stock after acquiring an additional 60 shares during the quarter. People s United Financial Inc.’s holdings in Ulta Beauty were worth $622,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in shares of Ulta Beauty by 14.8% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 241 shares of the specialty retailer’s stock worth $83,000 after purchasing an additional 31 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Ulta Beauty by 0.6% during the 1st quarter. CIBC World Markets Inc. now owns 6,447 shares of the specialty retailer’s stock worth $1,993,000 after purchasing an additional 39 shares in the last quarter. We Are One Seven LLC boosted its position in shares of Ulta Beauty by 2.8% during the 2nd quarter. We Are One Seven LLC now owns 1,433 shares of the specialty retailer’s stock worth $495,000 after purchasing an additional 39 shares in the last quarter. Berkshire Bank boosted its position in shares of Ulta Beauty by 1.2% during the 2nd quarter. Berkshire Bank now owns 3,512 shares of the specialty retailer’s stock worth $1,214,000 after purchasing an additional 42 shares in the last quarter. Finally, IndexIQ Advisors LLC boosted its position in shares of Ulta Beauty by 4.9% during the 2nd quarter. IndexIQ Advisors LLC now owns 905 shares of the specialty retailer’s stock worth $313,000 after purchasing an additional 42 shares in the last quarter. 88.11% of the stock is currently owned by institutional investors.

In related news, Director Michael R. Macdonald sold 5,700 shares of Ulta Beauty stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $350.04, for a total value of $1,995,228.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

ULTA has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Ulta Beauty from $386.00 to $405.00 and gave the stock an “overweight” rating in a research report on Monday, August 23rd. Raymond James raised their price target on shares of Ulta Beauty from $395.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, August 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ulta Beauty from $410.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, August 24th. Citigroup raised their price target on shares of Ulta Beauty from $360.00 to $410.00 and gave the company a “neutral” rating in a research report on Thursday, August 26th. Finally, Stifel Nicolaus raised their price target on shares of Ulta Beauty from $330.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday, August 18th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $401.00.

Shares of ULTA stock opened at $375.85 on Thursday. The company has a 50 day moving average of $362.81 and a 200-day moving average of $340.35. Ulta Beauty, Inc. has a 12-month low of $200.50 and a 12-month high of $414.98. The firm has a market cap of $20.43 billion, a P/E ratio of 28.89, a PEG ratio of 1.51 and a beta of 1.71.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Tuesday, August 24th. The specialty retailer reported $4.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $2.00. Ulta Beauty had a net margin of 9.50% and a return on equity of 40.49%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business posted $0.73 EPS. Ulta Beauty’s quarterly revenue was up 60.2% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty, Inc. will post 15.04 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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