Ulta Beauty Inc. (ULTA) Holdings Increased by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,252 shares of the specialty retailer’s stock after acquiring an additional 1,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Ulta Beauty were worth $1,639,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Sun Life Financial INC grew its holdings in Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth about $157,000. QS Investors LLC grew its holdings in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the period. Cypress Capital Group acquired a new stake in Ulta Beauty during the 2nd quarter worth about $218,000. Finally, QCM Cayman Ltd. acquired a new stake in Ulta Beauty during the 2nd quarter worth about $248,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.
Ulta Beauty Inc. (ULTA) traded down $0.12 during trading on Tuesday, hitting $209.05. 966,129 shares of the company’s stock traded hands, compared to its average volume of 969,030. Ulta Beauty Inc. has a 1 year low of $187.96 and a 1 year high of $314.86. The company has a market cap of $13,210.00, a PE ratio of 29.15, a P/E/G ratio of 1.33 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. research analysts anticipate that Ulta Beauty Inc. will post 8.36 earnings per share for the current fiscal year.
In other news, Director Charles Heilbronn bought 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael R. Macdonald bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the transaction, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is owned by company insiders.
A number of analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $330.00 price objective (up previously from $270.00) on shares of Ulta Beauty in a research report on Monday, July 31st. Jefferies Group LLC set a $300.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. KeyCorp reissued a “buy” rating and set a $270.00 price objective (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued an “outperform” rating and set a $295.00 price objective (down previously from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $274.11.
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Ulta Beauty Company Profile
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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