Advisors Asset Management Inc. lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 67.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,827 shares of the specialty retailer’s stock after buying an additional 3,566 shares during the period. Advisors Asset Management Inc.’s holdings in Ulta Beauty were worth $1,995,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Ulta Beauty by 115.3% in the third quarter. Quantbot Technologies LP now owns 5,623 shares of the specialty retailer’s stock worth $1,271,000 after buying an additional 3,011 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Ulta Beauty by 162.7% in the third quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock worth $109,033,000 after buying an additional 298,725 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Ulta Beauty by 0.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 198,318 shares of the specialty retailer’s stock worth $44,832,000 after buying an additional 1,122 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Ulta Beauty by 2.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,232 shares of the specialty retailer’s stock worth $3,217,000 after buying an additional 318 shares during the period. Finally, Comerica Bank boosted its position in shares of Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after buying an additional 10,690 shares during the period. 86.38% of the stock is owned by institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $210.37 on Monday. Ulta Beauty Inc. has a one year low of $187.96 and a one year high of $314.86. The stock has a market capitalization of $12,923.24, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Ulta Beauty’s revenue for the quarter was up 20.7% compared to the same quarter last year. research analysts forecast that Ulta Beauty Inc. will post 8.36 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on ULTA. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $330.00 target price (up previously from $270.00) on shares of Ulta Beauty in a research report on Monday, July 31st. Jefferies Group LLC set a $300.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a “buy” rating and issued a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Robert W. Baird reissued an “outperform” rating and issued a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Finally, Cleveland Research reissued a “hold” rating on shares of Ulta Beauty in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $274.11.
In related news, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael R. Macdonald purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. 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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