AMP Capital Investors Ltd lifted its position in Ulta Beauty Inc (NASDAQ:ULTA) by 11.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,461 shares of the specialty retailer’s stock after purchasing an additional 2,830 shares during the period. AMP Capital Investors Ltd’s holdings in Ulta Beauty were worth $7,669,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of ULTA. Cornerstone Wealth Management LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $247,000. Acadian Asset Management LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $286,000. Piedmont Investment Advisors LLC acquired a new position in Ulta Beauty in the second quarter worth about $151,000. Dupont Capital Management Corp acquired a new position in Ulta Beauty in the second quarter worth about $162,000. Finally, Aperio Group LLC grew its stake in Ulta Beauty by 37.2% in the second quarter. Aperio Group LLC now owns 28,857 shares of the specialty retailer’s stock worth $6,737,000 after purchasing an additional 7,826 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.
Shares of ULTA stock opened at $254.47 on Friday. Ulta Beauty Inc has a 52 week low of $191.70 and a 52 week high of $322.49. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.46 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 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. Ulta Beauty’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities research analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current year.
ULTA has been the subject of a number of research reports. Zacks Investment Research reiterated a “buy” rating and issued a $316.00 price target on shares of Ulta Beauty in a research note on Saturday, November 17th. Deutsche Bank set a $263.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, November 2nd. BidaskClub downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. OTR Global upgraded Ulta Beauty to a “positive” rating in a research note on Thursday, November 29th. Finally, Morgan Stanley lifted their price target on Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $286.96.
In other news, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the transaction, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,407 shares of company stock valued at $19,028,318. 5.60% of the stock is currently owned by insiders.
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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