Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,194 shares of the specialty retailer’s stock after buying an additional 1,878 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Ulta Beauty were worth $5,415,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Huntington National Bank lifted its stake in shares of Ulta Beauty by 120.0% in the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after buying an additional 240 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Ulta Beauty during the second quarter worth about $151,000. Dupont Capital Management Corp purchased a new position in Ulta Beauty during the second quarter worth about $162,000. Winthrop Advisory Group LLC purchased a new position in Ulta Beauty during the third quarter worth about $218,000. Finally, Howland Capital Management LLC purchased a new position in Ulta Beauty during the third quarter worth about $230,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ULTA opened at $272.95 on Friday. Ulta Beauty Inc has a 1-year low of $191.70 and a 1-year high of $290.30. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.32 and a beta of 0.64.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Equities research analysts anticipate that Ulta Beauty Inc will post 10.84 EPS for the current year.
A number of equities analysts have commented on ULTA shares. Deutsche Bank set a $263.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Friday. 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 lifted their target price on shares of Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Finally, ValuEngine raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $271.56.
In related news, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty 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 completion of the transaction, the director now owns 3,628 shares in the company, valued at $1,021,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the transaction, the director now owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,407 shares of company stock valued at $19,580,698. Company insiders own 5.60% of the company’s stock.
About Ulta Beauty
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.
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