Renaissance Technologies LLC Acquires 21,419 Shares of Ulta Beauty Inc (ULTA)

Renaissance Technologies LLC lifted its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 462,905 shares of the specialty retailer’s stock after purchasing an additional 21,419 shares during the quarter. Renaissance Technologies LLC owned 0.77% of Ulta Beauty worth $130,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Ulta Beauty by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock worth $737,000 after acquiring an additional 377 shares in the last quarter. Daiwa SB Investments Ltd. boosted its position in shares of Ulta Beauty by 9.2% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock worth $1,069,000 after acquiring an additional 320 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Ulta Beauty by 9.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 47,920 shares of the specialty retailer’s stock worth $13,517,000 after acquiring an additional 3,950 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Ulta Beauty by 1.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,660 shares of the specialty retailer’s stock worth $4,980,000 after acquiring an additional 203 shares in the last quarter. Finally, Iberiabank Corp boosted its position in shares of Ulta Beauty by 99.1% during the 3rd quarter. Iberiabank Corp now owns 13,214 shares of the specialty retailer’s stock worth $3,728,000 after acquiring an additional 6,577 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

ULTA has been the topic of several analyst reports. Jefferies Financial Group set a $335.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 9th. OTR Global upgraded shares of Ulta Beauty to a “positive” rating in a research report on Thursday, November 29th. UBS Group increased their price target on shares of Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Wells Fargo & Co set a $336.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 9th. Finally, Deutsche Bank set a $300.00 price target on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Friday, November 9th. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $286.96.

Shares of Ulta Beauty stock opened at $254.47 on Friday. Ulta Beauty Inc has a fifty-two week low of $191.70 and a fifty-two week high of $322.49. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63.

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

In other Ulta Beauty news, Director Dennis K. Eck sold 35,000 shares of the firm’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 sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the completion of the sale, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock worth $19,028,318 in the last 90 days. Company insiders own 5.60% of the company’s stock.

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

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