Rosenblum Silverman Sutton S F Inc. CA trimmed its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,273 shares of the specialty retailer’s stock after selling 288 shares during the quarter. Ulta Beauty accounts for 1.8% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 24th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Ulta Beauty were worth $4,809,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Dimensional Fund Advisors LP boosted its holdings in Ulta Beauty by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 214,001 shares of the specialty retailer’s stock valued at $61,039,000 after purchasing an additional 5,854 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Ulta Beauty by 31.7% during the first quarter. Renaissance Technologies LLC now owns 55,202 shares of the specialty retailer’s stock valued at $15,745,000 after purchasing an additional 13,302 shares in the last quarter. KCG Holdings Inc. boosted its holdings in Ulta Beauty by 41.3% during the first quarter. KCG Holdings Inc. now owns 2,512 shares of the specialty retailer’s stock valued at $716,000 after purchasing an additional 734 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Ulta Beauty during the first quarter valued at approximately $328,000. Finally, HighTower Advisors LLC boosted its holdings in Ulta Beauty by 6.6% during the first quarter. HighTower Advisors LLC now owns 3,193 shares of the specialty retailer’s stock valued at $907,000 after purchasing an additional 199 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors.
In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Macdonald bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.
Ulta Beauty Inc. (NASDAQ:ULTA) traded up 0.98% during mid-day trading on Tuesday, hitting $203.66. 164,706 shares of the company were exchanged. Ulta Beauty Inc. has a 12-month low of $187.96 and a 12-month high of $314.86. The company’s 50-day moving average is $214.37 and its 200 day moving average is $256.17. The company has a market capitalization of $12.51 billion, a P/E ratio of 27.11 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The company 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 firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Analysts expect that Ulta Beauty Inc. will post $8.38 EPS for the current year.
ULTA has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed a “market perform” rating and set a $290.00 price objective on shares of Ulta Beauty in a report on Wednesday, July 5th. BidaskClub downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price on the stock in a report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Ulta Beauty in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. Ulta Beauty has an average rating of “Hold” and a consensus price target of $274.11.
About Ulta Beauty
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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