Oppenheimer & Co. Inc. raised its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 14.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,359 shares of the specialty retailer’s stock after purchasing an additional 788 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $1,594,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ULTA. NEXT Financial Group Inc increased its holdings in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 29 shares during the last quarter. BancorpSouth Bank lifted its position in Ulta Beauty by 2.6% in the second quarter. BancorpSouth Bank now owns 1,226 shares of the specialty retailer’s stock valued at $426,000 after purchasing an additional 31 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Ulta Beauty by 79.2% in the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 38 shares during the last quarter. Altman Advisors Inc. raised its holdings in shares of Ulta Beauty by 0.8% during the second quarter. Altman Advisors Inc. now owns 5,589 shares of the specialty retailer’s stock valued at $1,939,000 after acquiring an additional 47 shares in the last quarter. Finally, Advantage Investment Management LLC raised its holdings in shares of Ulta Beauty by 67.1% during the second quarter. Advantage Investment Management LLC now owns 117 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 47 shares in the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.
NASDAQ:ULTA opened at $243.99 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $368.83. The stock has a 50-day moving average price of $241.73 and a 200 day moving average price of $308.12. The stock has a market capitalization of $13.96 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.20 and a beta of 1.13.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. On average, research analysts predict that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on ULTA shares. JPMorgan Chase & Co. cut Ulta Beauty to a “buy” rating and cut their target price for the stock from $395.00 to $317.00 in a research note on Friday, August 30th. Jefferies Financial Group set a $310.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 30th. Goldman Sachs Group began coverage on Ulta Beauty in a report on Thursday, October 3rd. They issued a “neutral” rating and a $276.00 target price on the stock. Wells Fargo & Co downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $350.00 to $235.00 in a report on Friday, August 30th. Finally, Wolfe Research began coverage on Ulta Beauty in a report on Tuesday, October 8th. They issued a “buy” rating and a $288.00 target price on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $295.50.
In other Ulta Beauty news, CEO Mary N. Dillon purchased 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $237.17 per share, with a total value of $308,321.00. Following the purchase, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Heilbronn purchased 115,258 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $236.41 per share, with a total value of $27,248,143.78. Following the completion of the purchase, the director now directly owns 60,368 shares in the company, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 186,567 shares of company stock valued at $44,964,903 over the last three months. 4.20% of the stock is owned by corporate insiders.
Ulta Beauty Company 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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