Marshall Wace North America L.P. Grows Holdings in Ulta Beauty Inc (ULTA)

Marshall Wace North America L.P. grew its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 204.1% during the third quarter, HoldingsChannel reports. The firm owned 50,958 shares of the specialty retailer’s stock after acquiring an additional 34,202 shares during the quarter. Marshall Wace North America L.P.’s holdings in Ulta Beauty were worth $14,376,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rational Advisors LLC increased its position in shares of Ulta Beauty by 539.7% during the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 313 shares during the period. One Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth $112,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Ulta Beauty during the third quarter worth $151,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth $151,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Ulta Beauty during the second quarter worth $162,000. Institutional investors own 89.10% of the company’s stock.

A number of research firms have recently weighed in on ULTA. Jefferies Financial Group set a $335.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 9th. Wells Fargo & Co set a $328.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday. OTR Global lowered Ulta Beauty to a “positive” rating in a research report on Wednesday, August 22nd. UBS Group upped their price objective on Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Loop Capital upped their price objective on Ulta Beauty to $300.00 and gave the stock a “hold” rating in a research report on Friday, November 9th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $286.96.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 129 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the transaction, the director now owns 3,628 shares of the company’s stock, valued at $1,021,282. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the transaction, the director now directly owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,407 shares of company stock worth $19,028,318. Corporate insiders own 5.60% of the company’s stock.

NASDAQ:ULTA opened at $254.47 on Friday. The firm has a market capitalization of $17.51 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63. Ulta Beauty Inc has a 12 month low of $191.70 and a 12 month high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating the consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. Ulta Beauty’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. As a group, equities analysts expect that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.

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Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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