Landscape Capital Management L.L.C. purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,426 shares of the specialty retailer’s stock, valued at approximately $3,617,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. boosted its position in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 34 shares during the period. Legacy Advisors LLC purchased a new position in shares of Ulta Beauty during the second quarter valued at approximately $26,000. Motco purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Next Capital Management LLC boosted its position in shares of Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 62 shares during the period. Finally, Hudock Capital Group LLC purchased a new position in shares of Ulta Beauty during the first quarter valued at approximately $34,000. Institutional investors own 88.67% of the company’s stock.
ULTA has been the subject of several recent analyst reports. Deutsche Bank boosted their target price on Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, June 3rd. Robert W. Baird restated an “outperform” rating and set a $395.00 target price (up previously from $365.00) on shares of Ulta Beauty in a research report on Thursday, April 18th. UBS Group boosted their target price on Ulta Beauty from $370.00 to $390.00 and gave the company a “top pick” rating in a research report on Thursday, July 25th. Guggenheim restated a “buy” rating and set a $375.00 target price (up previously from $350.00) on shares of Ulta Beauty in a research report on Tuesday, May 14th. Finally, Piper Jaffray Companies set a $360.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $353.39.
NASDAQ:ULTA traded down $2.57 during trading hours on Thursday, reaching $318.43. The company’s stock had a trading volume of 775,882 shares, compared to its average volume of 669,312. The stock has a market cap of $19.67 billion, a P/E ratio of 29.35, a P/E/G ratio of 1.43 and a beta of 0.96. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $368.83. The company has a quick ratio of 0.74, a current ratio of 1.93 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $348.03.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.02. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, analysts expect that Ulta Beauty Inc will post 12.77 EPS for the current fiscal year.
In other news, Director Catherine Ann Halligan sold 400 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $343.02, for a total transaction of $137,208.00. Following the transaction, the director now directly owns 2,811 shares of the company’s stock, valued at $964,229.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sally E. Blount sold 315 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $359.28, for a total value of $113,173.20. Following the transaction, the director now directly owns 989 shares in the company, valued at $355,327.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,715 shares of company stock worth $958,441. Insiders own 4.20% of the company’s stock.
Ulta Beauty Profile
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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