Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
A number of other large investors also recently bought and sold shares of the business. Herold Advisors Inc. acquired a new position in Ulta Beauty in the 1st quarter worth about $40,000. Principal Financial Group Inc. raised its holdings in Ulta Beauty by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 84,491 shares of the specialty retailer’s stock worth $33,646,000 after purchasing an additional 3,211 shares during the period. Scotia Capital Inc. raised its holdings in Ulta Beauty by 5.3% in the 1st quarter. Scotia Capital Inc. now owns 12,407 shares of the specialty retailer’s stock worth $4,941,000 after purchasing an additional 620 shares during the period. OPSEU Pension Plan Trust Fund raised its holdings in Ulta Beauty by 2.5% in the 1st quarter. OPSEU Pension Plan Trust Fund now owns 2,677 shares of the specialty retailer’s stock worth $1,060,000 after purchasing an additional 65 shares during the period. Finally, Swiss National Bank raised its holdings in Ulta Beauty by 13.9% in the 1st quarter. Swiss National Bank now owns 223,636 shares of the specialty retailer’s stock worth $89,056,000 after purchasing an additional 27,300 shares during the period. Institutional investors and hedge funds own 89.20% of the company’s stock.
Insider Activity at Ulta Beauty
In related news, CFO Scott M. Settersten sold 32,532 shares of Ulta Beauty stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $426.63, for a total value of $13,879,127.16. Following the completion of the transaction, the chief financial officer now directly owns 14,037 shares in the company, valued at $5,988,605.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ulta Beauty news, CFO Scott M. Settersten sold 32,532 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $426.63, for a total value of $13,879,127.16. Following the sale, the chief financial officer now directly owns 14,037 shares in the company, valued at $5,988,605.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares in the company, valued at $937,673.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,207 shares of company stock worth $19,411,502. Company insiders own 2.00% of the company’s stock.
Ulta Beauty Stock Up 1.4 %
ULTA opened at $395.47 on Monday. Ulta Beauty, Inc. has a 52 week low of $330.80 and a 52 week high of $438.63. The business has a fifty day simple moving average of $393.44 and a 200-day simple moving average of $388.56. The firm has a market cap of $20.49 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.85 and a beta of 1.45.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $1.86. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. Ulta Beauty’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 20.07 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have commented on ULTA. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. StockNews.com cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Ulta Beauty from $522.00 to $466.00 in a report on Wednesday, May 25th. Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $400.00 to $475.00 in a report on Friday, May 27th. Finally, Citigroup increased their target price on Ulta Beauty from $393.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, May 31st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.05.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
See Also
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. (NASDAQ:ULTA – Get Rating).
Receive News & Ratings for Ulta Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ulta Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.