Highland Capital Management LP Purchases Shares of 1,000 Ulta Beauty Inc (ULTA)
Highland Capital Management LP bought a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the specialty retailer’s stock, valued at approximately $233,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Ulta Beauty by 120.0% in the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 240 shares in the last quarter. Altman Advisors Inc. increased its position in shares of Ulta Beauty by 315.5% in the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 24,947 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the second quarter worth approximately $151,000. Dupont Capital Management Corp purchased a new position in shares of Ulta Beauty in the second quarter worth approximately $162,000. Finally, Optimum Investment Advisors purchased a new position in shares of Ulta Beauty in the first quarter worth approximately $163,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
Shares of ULTA opened at $280.52 on Friday. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $290.30. The company has a market cap of $17.14 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.42 and a beta of 0.73.
ULTA has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Wells Fargo & Co set a $278.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, Buckingham Research lifted their target price on shares of Ulta Beauty from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $267.92.
In other Ulta Beauty news, Director Dennis K. Eck sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $251.53, for a total value of $880,355.00. Following the completion of the sale, the director now directly owns 380,294 shares of the company’s stock, valued at $95,655,349.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now directly owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders have sold 51,400 shares of company stock worth $14,214,198 over the last ninety days. 5.60% of the stock is currently owned by insiders.
Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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