1 day Ago By ABMN Staff
Acadian Asset Management LLC acquired a new stake in shares of Ulta Beauty, Inc. ( NASDAQ:ULTA – Free Report ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,364 shares of the specialty retailer’s stock, valued at approximately $525,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P.
lifted its holdings in shares of Ulta Beauty by 120.2% during the 4th quarter. 1832 Asset Management L.
P. now owns 14,448 shares of the specialty retailer’s stock valued at $7,079,000 after buying an additional 7,887 shares during the last quarter. Duality Advisers LP increased its stake in shares of Ulta Beauty by 92.
8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock worth $3,806,000 after purchasing an additional 3,504 shares during the last quarter. Broad Bay Capital Management LP bought a new position in shares of Ulta Beauty during the 4th quarter valued at $10,412,000.
Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ulta Beauty by 10.
2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd.
now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after purchasing an additional 8,337 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc.
boosted its holdings in Ulta Beauty by 5.3% in the second quarter. Whittier Trust Co.
of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 139 shares in the last quarter. 90.
39% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have weighed in on the company. Oppenheimer cut their target price on Ulta Beauty from $450.
00 to $435.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen reduced their target price on Ulta Beauty from $500.
00 to $395.00 and set a “buy” rating for the company in a report on Friday, August 30th. Jefferies Financial Group lowered their price target on Ulta Beauty from $438.
00 to $412.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Citigroup reduced their price objective on shares of Ulta Beauty from $375.
00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, StockNews.
com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $425.
29. Insider Buying and Selling at Ulta Beauty In other news, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred on Tuesday, June 25th.
The stock was sold at an average price of $388.68, for a total value of $252,642.00.
Following the completion of the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available at this link .
In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.
68, for a total value of $252,642.00. Following the sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.
68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd.
The shares were sold at an average price of $390.08, for a total transaction of $39,008.00.
Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here .
Company insiders own 0.39% of the company’s stock. Ulta Beauty Price Performance Shares of ULTA stock opened at $402.
72 on Thursday. Ulta Beauty, Inc. has a one year low of $318.
17 and a one year high of $574.76. The stock has a fifty day moving average price of $368.
18 and a 200 day moving average price of $410.00. The stock has a market cap of $18.
98 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.
31. Ulta Beauty ( NASDAQ:ULTA – Get Free Report ) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.
30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17).
The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion.
Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%.
Ulta Beauty’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $6.
02 earnings per share. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.
21 EPS for the current year. About Ulta Beauty ( Free Report ) Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.
com website, and its mobile applications. Read More Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc.
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