LS Investment Advisors LLC lowered its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,034 shares of the specialty retailer’s stock after selling 61 shares during the quarter. LS Investment Advisors LLC’s holdings in Ulta Beauty were worth $709,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ULTA. FMR LLC grew its stake in Ulta Beauty by 52.6% during the 4th quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after purchasing an additional 675,832 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Ulta Beauty by 189.8% during the 4th quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock worth $191,990,000 after buying an additional 513,582 shares during the last quarter. Norges Bank purchased a new stake in Ulta Beauty during the 4th quarter worth about $125,214,000. Hexavest Inc. purchased a new stake in Ulta Beauty during the 1st quarter worth about $75,684,000. Finally, American Century Companies Inc. purchased a new stake in Ulta Beauty during the 4th quarter worth about $46,445,000. Institutional investors own 92.55% of the company’s stock.
In related news, insider Jeffrey J. Childs sold 9,757 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $333.89, for a total value of $3,257,764.73. Following the transaction, the insider now directly owns 13,671 shares of the company’s stock, valued at approximately $4,564,610.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Heilbronn sold 161,890 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $335.01, for a total value of $54,234,768.90. Following the completion of the transaction, the director now directly owns 59,923 shares in the company, valued at $20,074,804.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,250 shares of company stock worth $143,394,373. Corporate insiders own 5.60% of the company’s stock.
A number of analysts have issued reports on ULTA shares. ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Jefferies Financial Group boosted their target price on Ulta Beauty from $335.00 to $357.00 and gave the company a “buy” rating in a report on Friday, March 15th. UBS Group boosted their target price on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 11th. BidaskClub downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $388.00 price objective for the company in a research note on Thursday, May 9th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $343.29.
NASDAQ:ULTA traded down $4.07 during trading hours on Wednesday, reaching $349.09. 422,389 shares of the company traded hands, compared to its average volume of 738,214. The stock has a market cap of $20.63 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $359.69.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. Ulta Beauty’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Ulta Beauty Inc will post 12.79 EPS for the current year.
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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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