Alps Advisors Inc. lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,613 shares of the specialty retailer’s stock after buying an additional 674 shares during the period. Alps Advisors Inc.’s holdings in Ulta Beauty were worth $591,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. QS Investors LLC boosted its stake in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Balasa Dinverno & Foltz LLC boosted its stake in Ulta Beauty by 1.0% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after purchasing an additional 10 shares during the period. Wendell David Associates Inc. boosted its stake in Ulta Beauty by 1.3% during the 2nd quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 16 shares during the period. Chase Investment Counsel Corp boosted its stake in Ulta Beauty by 1.1% during the 2nd quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 18 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in Ulta Beauty by 0.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares during the period. 85.22% of the stock is currently owned by hedge funds and other institutional investors.
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A number of brokerages recently weighed in on ULTA. Piper Jaffray Companies reiterated an “overweight” rating and set a $260.00 price target (down previously from $330.00) on shares of Ulta Beauty in a research note on Tuesday, September 5th. Robert W. Baird reiterated an “outperform” rating and set a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. BMO Capital Markets restated an “outperform” rating and issued a $345.00 target price on shares of Ulta Beauty in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $310.00 target price on shares of Ulta Beauty in a research note on Thursday, August 17th. Finally, KeyCorp restated a “buy” rating and issued a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a research note on Tuesday, October 3rd. One equities research 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. Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $274.11.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn purchased 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.
Ulta Beauty Inc. (NASDAQ ULTA) opened at $199.99 on Thursday. Ulta Beauty Inc. has a twelve month low of $187.96 and a twelve month high of $314.86. The firm has a market cap of $12,227.76, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. analysts forecast that Ulta Beauty Inc. will post 8.36 EPS for the current year.
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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