Gyroscope Capital Management Group LLC purchased a new stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,636 shares of the specialty retailer’s stock, valued at approximately $936,000.
A number of other large investors have also recently bought and sold shares of ULTA. MML Investors Services LLC raised its holdings in Ulta Beauty by 22.9% during the 1st quarter. MML Investors Services LLC now owns 3,156 shares of the specialty retailer’s stock valued at $1,101,000 after buying an additional 589 shares during the last quarter. Private Advisor Group LLC raised its holdings in Ulta Beauty by 63.5% during the 1st quarter. Private Advisor Group LLC now owns 2,909 shares of the specialty retailer’s stock valued at $1,012,000 after buying an additional 1,130 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Ulta Beauty during the 1st quarter valued at $14,381,000. Tyers Asset Management LLC raised its holdings in Ulta Beauty by 24.6% during the 1st quarter. Tyers Asset Management LLC now owns 5,104 shares of the specialty retailer’s stock valued at $1,780,000 after buying an additional 1,008 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Ulta Beauty during the 1st quarter valued at $862,000. Institutional investors own 87.80% of the company’s stock.
ULTA has been the subject of a number of recent analyst reports. Wells Fargo & Co lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $350.00 to $235.00 in a report on Friday, August 30th. Loop Capital set a $270.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a report on Tuesday, September 17th. Jefferies Financial Group set a $310.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 30th. Goldman Sachs Group initiated coverage on shares of Ulta Beauty in a report on Thursday, October 3rd. They set a “neutral” rating and a $276.00 price target for the company. Finally, Guggenheim set a $325.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $298.23.
Ulta Beauty stock traded up $6.74 during mid-day trading on Friday, reaching $248.49. 747,904 shares of the company traded hands, compared to its average volume of 2,064,701. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. The firm’s 50 day moving average price is $254.16 and its 200 day moving average price is $322.49. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.20 and a beta of 1.15. Ulta Beauty Inc has a 52-week low of $224.43 and a 52-week high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty Inc will post 11.81 EPS for the current year.
In other Ulta Beauty news, CEO Mary N. Dillon bought 1,300 shares of Ulta Beauty stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $237.17 per share, with a total value of $308,321.00. Following the transaction, the chief executive officer now directly owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Heilbronn bought 70,009 shares of Ulta Beauty stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $248.66 per share, for a total transaction of $17,408,437.94. Following the completion of the transaction, the director now directly owns 60,368 shares in the company, valued at $15,011,106.88. The disclosure for this purchase can be found here. Insiders bought a total of 186,567 shares of company stock worth $44,964,903 over the last ninety days. Insiders own 4.20% 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, 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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