Level Four Advisory Services LLC purchased a new stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,073 shares of the specialty retailer’s stock, valued at approximately $215,000.
Several other institutional investors have also bought and sold shares of the company. Atlanta Capital Management Co. L L C purchased a new position in shares of Ulta Beauty during the first quarter worth $109,436,000. William Blair Investment Management LLC raised its stake in shares of Ulta Beauty by 138.8% during the 2nd quarter. William Blair Investment Management LLC now owns 651,371 shares of the specialty retailer’s stock valued at $132,502,000 after buying an additional 378,588 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Ulta Beauty by 5,884.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,455 shares of the specialty retailer’s stock valued at $53,795,000 after buying an additional 260,036 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Ulta Beauty by 1,272.0% during the 1st quarter. Mackenzie Financial Corp now owns 228,003 shares of the specialty retailer’s stock valued at $40,060,000 after buying an additional 211,385 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Ulta Beauty by 309.9% during the 2nd quarter. Nordea Investment Management AB now owns 154,488 shares of the specialty retailer’s stock valued at $30,596,000 after buying an additional 116,799 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.
Shares of NASDAQ ULTA opened at $238.63 on Wednesday. The company has a market cap of $13.37 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 4.01 and a beta of 1.49. Ulta Beauty Inc has a 12 month low of $124.05 and a 12 month high of $304.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.64 and a quick ratio of 1.35. The company has a 50-day simple moving average of $219.13 and a 200-day simple moving average of $212.84.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.63. Ulta Beauty had a net margin of 4.41% and a return on equity of 18.00%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty Inc will post 4.51 EPS for the current year.
ULTA has been the subject of a number of recent research reports. Telsey Advisory Group lifted their price objective on Ulta Beauty from $280.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Morgan Stanley lifted their price target on Ulta Beauty from $225.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. JPMorgan Chase & Co. cut their price target on Ulta Beauty from $269.00 to $244.00 and set an “overweight” rating for the company in a research note on Tuesday, August 25th. Wells Fargo & Company lifted their price target on Ulta Beauty from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Zacks Investment Research upgraded Ulta Beauty from a “strong sell” rating to a “hold” rating and set a $255.00 price objective for the company in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $254.32.
In other news, Director Sally E. Blount purchased 250 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of $193.00 per share, with a total value of $48,250.00. Following the purchase, the director now directly owns 1,239 shares of the company’s stock, valued at approximately $239,127. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorna Nagler sold 3,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $240.94, for a total transaction of $722,820.00. Following the completion of the transaction, the director now owns 9,963 shares in the company, valued at approximately $2,400,485.22. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
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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