Fishman Jay A Ltd. MI Takes Position in Ulta Beauty Inc (NASDAQ:ULTA)

Fishman Jay A Ltd. MI purchased a new stake in Ulta Beauty Inc (NASDAQ:ULTA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,910 shares of the specialty retailer’s stock, valued at approximately $1,732,000.

Several other hedge funds have also added to or reduced their stakes in ULTA. Sterling Investment Advisors Ltd. acquired a new stake in Ulta Beauty during the third quarter worth approximately $25,000. Legacy Advisors LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $26,000. Commonwealth Bank of Australia boosted its holdings in shares of Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 38 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in shares of Ulta Beauty by 3,900.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Next Capital Management LLC boosted its holdings in shares of Ulta Beauty by 206.7% in the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.

Shares of ULTA stock traded down $4.48 during mid-day trading on Friday, reaching $239.29. The company’s stock had a trading volume of 852,400 shares, compared to its average volume of 1,059,228. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $368.83. The firm has a market capitalization of $14.44 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.13. The company’s 50 day simple moving average is $242.23 and its 200-day simple moving average is $307.03. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty Inc will post 11.81 EPS for the current fiscal year.

In other Ulta Beauty news, Director Charles Heilbronn bought 70,009 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $248.66 per share, for a total transaction of $17,408,437.94. Following the acquisition, the director now directly owns 60,368 shares of the company’s stock, valued at $15,011,106.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary N. Dillon bought 1,300 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the acquisition, the chief executive officer now directly owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. Insiders have acquired a total of 186,567 shares of company stock worth $44,964,903 over the last 90 days. 4.20% of the stock is owned by insiders.

A number of brokerages have weighed in on ULTA. Telsey Advisory Group reiterated an “outperform” rating and issued a $330.00 price target (down previously from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. Wolfe Research began coverage on shares of Ulta Beauty in a report on Tuesday, October 8th. They issued a “buy” rating and a $288.00 price target on the stock. Wells Fargo & Co lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $350.00 to $235.00 in a report on Friday, August 30th. Stifel Nicolaus decreased their price target on shares of Ulta Beauty from $315.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, BidaskClub lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $290.95.

About Ulta Beauty

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

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

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