LRI Investments LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – FREE REPORT ) during the first quarter, according to the fund’s latest 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 65 shares of the specialty retailer’s stock, worth about $34,000.
Other hedge funds and institutional investors also added to or reduced shares of Ulta. Blue Trust Inc. increased its holdings in Ulta Beauty by 193.9% in the fourth quarter. Blue Trust Inc. now owns 144 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 95 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after purchasing an additional 23 shares in the last quarter. AdvisorNet Financial Inc. increased its holdings in Ulta Beauty by 3.4% in the fourth quarter. AdvisorNet Financial Inc. now owns 1,188 shares of the specialty retailer’s stock valued at $582,000 after purchasing an additional 39 shares in the last quarter. Mayflower Financial Advisors LLC bought a new stake in Ulta Beauty in the fourth quarter worth approximately $233,000. Finally, Corrente Capital Management increased its stake in Ulta Beauty by 2.3% in the fourth quarter. Corrente Capital Management now owns 23,159 shares of the specialty retailer’s stock, valued at $11,348,000, after acquiring an additional 519 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Rating Changes
A number of research analysts have offered their opinions on Ulta stock. The Goldman Sachs Group lowered their price target on shares of Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. Raymond James lowered their price target on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong buy” rating on the stock in a research note on Wednesday, April 3rd. BMO Capital Markets lowered their price target on shares of Ulta Beauty from $540.00 to $500.00 and set a “market-like” rating on the stock in a research note on Friday, May 31st. Stifel Nicolaus lowered their price target on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Finally, Jefferies Financial Group lowered their price target on Ulta Beauty from $438.00 to $412.00 and gave the stock a “hold” rating in a research note on Friday, May 24. One investment analyst has rated the stock with a sell rating, ten with a hold rating, twelve with a buy rating, and one with a strong buy rating. According to MarketBeat.com, Ulta Beauty currently has an average rating of a “moderate buy” and a consensus price target of $497.61.
Read the latest research report on Ulta Beauty
Ulta Beauty shares rise 1.7%
Shares of Ulta Beauty opened trading at $369.46 on Monday. The company’s 50-day simple moving average is $387.66 and its 200-day simple moving average is $449.91. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio (PE) of 14.41, a price-to-earnings growth ratio of 1.71 and a beta of 1.37. Ulta Beauty’s low over the past year is $362.49 and its high over the past year is $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report ) last announced its earnings results on Thursday, May 30th. The specialty retailer reported quarterly earnings per share of $6.47, beating analysts’ consensus estimates of $6.19 by $0.28. The business had quarterly revenue of $2.73 billion, beating analysts’ estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s revenue grew 3.5% year over year. Earnings per share for the same period last year were $6.88. Research analysts expect Ulta Beauty, Inc. to post earnings per share of $25.66 this year.
Ulta Beauty insider trading
In other news, insider Jody J. Caro sold 650 shares in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link. In other Ulta Beauty news, Director Katherine Ann Halligan sold 100 shares in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link. Additionally, insider Jody J. Calo sold 650 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction value of $252,642.00. Following the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. The insider owns 0.39% of the company’s shares.
Ulta Beauty Company Profile
(Free report)
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrances, hair care, skin care, bath and body care products, professional hair care products and salon styling tools, through Ulta Beauty stores, shop-in-shops, the Ulta.com website and mobile applications.
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