Montag & Caldwell LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96,208 shares of the specialty retailer’s stock, valued at approximately $21,749,000. Montag & Caldwell LLC owned about 0.16% of Ulta Beauty at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ULTA. Sun Life Financial INC boosted its stake in shares of Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Ulta Beauty during the second quarter valued at $157,000. QS Investors LLC lifted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. Cypress Capital Group purchased a new position in Ulta Beauty during the second quarter valued at $218,000. Finally, QCM Cayman Ltd. purchased a new position in Ulta Beauty during the second quarter valued at $248,000. Hedge funds and other institutional investors own 87.39% of the company’s stock.
In other news, Director Michael R. Macdonald bought 2,000 shares of the 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 purchase, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction on Friday, October 13th. The stock was acquired 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. 5.20% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on ULTA shares. BidaskClub cut 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 price target 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 price target on the stock in a report on Friday, July 14th. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Ulta Beauty in a report on Friday, July 14th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $330.00 price target on shares of Ulta Beauty in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $274.11.
Ulta Beauty Inc. (NASDAQ ULTA) traded down $3.22 during midday trading on Monday, hitting $198.83. The company had a trading volume of 83,835 shares, compared to its average volume of 1,390,000. Ulta Beauty Inc. has a 52-week low of $187.96 and a 52-week high of $314.86. The firm has a market cap of $12,360.00, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. equities research analysts anticipate 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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