Stevens Capital Management LP Acquires New Stake in Ulta Beauty Inc. (ULTA)
Stevens Capital Management LP acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,164 shares of the specialty retailer’s stock, valued at approximately $8,093,000.
Several other institutional investors and hedge funds have also bought and sold shares of ULTA. US Bancorp DE boosted its position in shares of Ulta Beauty by 31.0% in the first quarter. US Bancorp DE now owns 2,542 shares of the specialty retailer’s stock valued at $726,000 after acquiring an additional 602 shares during the period. UBS Asset Management Americas Inc. lifted its position in Ulta Beauty by 18.8% in the first quarter. UBS Asset Management Americas Inc. now owns 165,284 shares of the specialty retailer’s stock worth $47,144,000 after purchasing an additional 26,119 shares during the period. Karp Capital Management Corp bought a new position in Ulta Beauty in the first quarter worth $4,944,000. NEXT Financial Group Inc lifted its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 86 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in Ulta Beauty by 2.3% in the first quarter. State of Tennessee Treasury Department now owns 30,988 shares of the specialty retailer’s stock worth $8,838,000 after purchasing an additional 689 shares during the period. 88.01% of the stock is owned by institutional investors.
Several brokerages recently commented on ULTA. Stifel Nicolaus reaffirmed a “hold” rating and issued a $325.00 target price (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, June 6th. Jefferies Group LLC raised Ulta Beauty from a “hold” rating to a “buy” rating and raised their target price for the stock from $266.00 to $350.00 in a research report on Friday, June 2nd. Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Morgan Stanley raised their target price on Ulta Beauty from $300.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 31st. Finally, Guggenheim began coverage on Ulta Beauty in a research report on Tuesday, June 13th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $281.63.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.
Ulta Beauty Inc. (NASDAQ:ULTA) traded up 0.33% during midday trading on Friday, reaching $224.67. The company’s stock had a trading volume of 937,583 shares. Ulta Beauty Inc. has a 52-week low of $204.01 and a 52-week high of $314.86. The firm has a 50 day moving average of $235.14 and a 200 day moving average of $271.92. The firm has a market cap of $13.80 billion, a P/E ratio of 29.91 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Analysts anticipate that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
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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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