Stevens Capital Management LP Invests $1.31 Million in Ulta Beauty Inc (NASDAQ:ULTA)

Stevens Capital Management LP acquired a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,167 shares of the specialty retailer’s stock, valued at approximately $1,308,000.

Other hedge funds have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its position in shares of Ulta Beauty by 3,900.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after buying an additional 117 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Ulta Beauty by 4,100.0% during the fourth quarter. Whittier Trust Co. now owns 126 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 123 shares in the last quarter. Ironwood Financial llc boosted its position in shares of Ulta Beauty by 2,316.7% during the fourth quarter. Ironwood Financial llc now owns 145 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Kistler Tiffany Companies LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $41,000. Finally, Proffitt & Goodson Inc. bought a new stake in shares of Ulta Beauty during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

Shares of ULTA stock traded down $3.03 during mid-day trading on Friday, hitting $294.06. The company’s stock had a trading volume of 282,873 shares, compared to its average volume of 1,008,253. Ulta Beauty Inc has a 52-week low of $222.00 and a 52-week high of $368.83. The business has a 50-day moving average price of $270.68 and a 200 day moving average price of $264.63. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.38 and a current ratio of 1.67. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.40 and a beta of 1.15.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.12. Ulta Beauty had a return on equity of 36.91% and a net margin of 9.67%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Ulta Beauty Inc will post 11.79 EPS for the current fiscal year.

Several research firms recently weighed in on ULTA. BidaskClub upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 18th. Goldman Sachs Group upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $285.00 to $307.00 in a research note on Monday, February 3rd. Nomura lifted their price objective on Ulta Beauty from $215.00 to $230.00 and gave the company a “reduce” rating in a research note on Friday, December 6th. BMO Capital Markets assumed coverage on Ulta Beauty in a research note on Monday, February 3rd. They set a “market perform” rating and a $285.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $317.00 to $326.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $287.70.

In other news, insider Jeffrey J. Childs sold 3,031 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $252.20, for a total value of $764,418.20. Following the completion of the sale, the insider now owns 10,333 shares of the company’s stock, valued at approximately $2,605,982.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by company insiders.

About Ulta Beauty

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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