Gillespie Robinson & Grimm Inc. boosted its position in Ulta Beauty Inc (NASDAQ:ULTA) by 64.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,238 shares of the specialty retailer’s stock after purchasing an additional 25,616 shares during the quarter. Ulta Beauty comprises about 2.2% of Gillespie Robinson & Grimm Inc.’s holdings, making the stock its 24th largest position. Gillespie Robinson & Grimm Inc.’s holdings in Ulta Beauty were worth $18,405,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ULTA. Waddell & Reed Financial Inc. acquired a new position in Ulta Beauty in the 2nd quarter valued at about $125,933,000. Columbus Circle Investors acquired a new position in shares of Ulta Beauty during the 2nd quarter valued at about $74,924,000. Unigestion Holding SA acquired a new position in shares of Ulta Beauty during the 2nd quarter valued at about $58,847,000. Victory Capital Management Inc. increased its stake in shares of Ulta Beauty by 122.0% during the 2nd quarter. Victory Capital Management Inc. now owns 409,731 shares of the specialty retailer’s stock valued at $95,656,000 after acquiring an additional 225,166 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Ulta Beauty by 24.0% during the 2nd quarter. FMR LLC now owns 948,576 shares of the specialty retailer’s stock valued at $221,454,000 after acquiring an additional 183,611 shares during the last quarter. 90.71% of the stock is owned by hedge funds and other institutional investors.
NASDAQ ULTA traded down $7.45 on Thursday, reaching $274.47. The company had a trading volume of 19,046 shares, compared to its average volume of 1,072,227. The stock has a market cap of $16.86 billion, a PE ratio of 34.40, a P/E/G ratio of 1.40 and a beta of 0.64. Ulta Beauty Inc has a 1 year low of $191.70 and a 1 year high of $290.30.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Equities analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.
A number of research analysts have recently commented on ULTA shares. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Morgan Stanley upped their price objective on shares of Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. ValuEngine raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, UBS Group dropped their price objective on shares of Ulta Beauty from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $270.16.
In related news, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total transaction of $552,380.00. Following the sale, the director now directly owns 7,923 shares of the company’s stock, valued at approximately $2,188,253.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the sale, the director now directly owns 3,628 shares in the company, valued at $1,021,282. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,407 shares of company stock worth $19,580,698. Corporate insiders own 5.60% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
Further Reading: Dividend Aristocrat Index
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