Catalyst Capital Advisors LLC Sells 25,000 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)
Catalyst Capital Advisors LLC cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 77.7% during the second quarter, Holdings Channel reports. The fund owned 7,175 shares of the specialty retailer’s stock after selling 25,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Ulta Beauty were worth $2,061,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock worth $1,587,143,000 after buying an additional 163,839 shares during the last quarter. BlackRock Inc. increased its stake in Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares during the last quarter. Jennison Associates LLC increased its stake in Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock worth $642,869,000 after buying an additional 55,789 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock worth $266,862,000 after buying an additional 316,898 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.
Ulta Beauty Inc. (NASDAQ:ULTA) opened at 251.05 on Friday. Ulta Beauty Inc. has a 12 month low of $225.13 and a 12 month high of $314.86. The firm has a 50-day moving average of $262.09 and a 200 day moving average of $279.55. The stock has a market cap of $15.57 billion, a PE ratio of 35.25 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Ulta Beauty’s revenue for the quarter was up 22.4% compared to the same quarter last year. Analysts anticipate that Ulta Beauty Inc. will post $8.32 EPS for the current year.
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A number of analysts have commented on ULTA shares. Edward Jones downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Buckingham Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and increased their price objective for the company from $325.00 to $330.00 in a report on Friday, May 26th. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective for the company in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $325.00 price objective (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Finally, Deutsche Bank AG set a $300.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Sunday, May 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $319.05.
In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares in the company, valued at $1,457,788.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $312.36, for a total transaction of $156,180.00. Following the sale, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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