Trust Investment Advisors reduced its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,390 shares of the specialty retailer’s stock after selling 275 shares during the quarter. Trust Investment Advisors’ holdings in Ulta Beauty were worth $766,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $552,000. CIBC World Markets Inc. lifted its stake in shares of Ulta Beauty by 63.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after purchasing an additional 3,861 shares during the period. Wendell David Associates Inc. lifted its stake in shares of Ulta Beauty by 1.3% in the 2nd quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after purchasing an additional 16 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Ulta Beauty by 38.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after purchasing an additional 32,455 shares during the period. Finally, Biondo Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $1,082,000. Institutional investors own 85.22% of the company’s stock.
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In other Ulta Beauty news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the purchase, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.
Ulta Beauty Inc. (ULTA) traded up $2.53 during trading hours on Tuesday, reaching $200.56. The company’s stock had a trading volume of 194,766 shares, compared to its average volume of 967,116. Ulta Beauty Inc. has a twelve month low of $187.96 and a twelve month high of $314.86. The company has a market capitalization of $12,332.81, a price-to-earnings ratio of 27.20, a PEG ratio of 1.24 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Ulta Beauty’s revenue for the quarter was up 20.7% on a year-over-year basis. research analysts forecast that Ulta Beauty Inc. will post 8.36 EPS for the current year.
ULTA has been the subject of a number of research analyst reports. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and raised their target price for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) cut Ulta Beauty from a “conviction-buy” rating to a “buy” rating and lowered their price objective for the company from $290.00 to $267.00 in a research note on Monday, October 16th. Cowen and Company set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub cut Ulta Beauty from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $274.11.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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