IFP Advisors Inc grew its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,548 shares of the specialty retailer’s stock after acquiring an additional 393 shares during the quarter. IFP Advisors Inc’s holdings in Ulta Beauty were worth $1,001,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ULTA. Howland Capital Management LLC bought a new stake in Ulta Beauty in the 3rd quarter worth approximately $230,000. Retirement Systems of Alabama lifted its position in Ulta Beauty by 238.4% in the 3rd quarter. Retirement Systems of Alabama now owns 90,885 shares of the specialty retailer’s stock worth $25,640,000 after buying an additional 64,029 shares during the last quarter. NuWave Investment Management LLC lifted its position in Ulta Beauty by 218.8% in the 3rd quarter. NuWave Investment Management LLC now owns 2,681 shares of the specialty retailer’s stock worth $757,000 after buying an additional 1,840 shares during the last quarter. First Quadrant L P CA lifted its position in Ulta Beauty by 31,249.1% in the 3rd quarter. First Quadrant L P CA now owns 16,615 shares of the specialty retailer’s stock worth $4,687,000 after buying an additional 16,562 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Ulta Beauty by 16.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 3,075 shares of the specialty retailer’s stock worth $868,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
ULTA opened at $274.52 on Thursday. Ulta Beauty Inc has a 52-week low of $191.70 and a 52-week high of $290.30. The company has a market cap of $16.43 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.38 and a beta of 0.64.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, sell-side analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.
In other news, Director Catherine Ann Halligan sold 129 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,628 shares of the company’s stock, valued at $1,021,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders have sold 68,407 shares of company stock worth $19,580,698 over the last three months. Insiders own 5.60% of the company’s stock.
ULTA has been the subject of a number of recent research reports. BidaskClub downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. ValuEngine upgraded Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 target price for the company in a research report on Tuesday, July 17th. Jefferies Financial Group set a $285.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, Wells Fargo & Co set a $278.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $270.80.
About Ulta Beauty
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.
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