Andra AP fonden Buys New Position in Ulta Beauty Inc (NASDAQ:ULTA)

Andra AP fonden acquired a new stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,300 shares of the specialty retailer’s stock, valued at approximately $5,684,000.

A number of other hedge funds have also recently made changes to their positions in ULTA. Rational Advisors LLC boosted its holdings in shares of Ulta Beauty by 1,247.7% in the fourth quarter. Rational Advisors LLC now owns 5,000 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 4,629 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Ulta Beauty by 1.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 9,970 shares of the specialty retailer’s stock worth $3,477,000 after acquiring an additional 111 shares during the period. Telemus Capital LLC raised its stake in Ulta Beauty by 4.8% during the 4th quarter. Telemus Capital LLC now owns 1,462 shares of the specialty retailer’s stock worth $358,000 after acquiring an additional 67 shares during the period. Cipher Capital LP raised its position in shares of Ulta Beauty by 533.0% during the fourth quarter. Cipher Capital LP now owns 4,811 shares of the specialty retailer’s stock valued at $1,178,000 after buying an additional 4,051 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in shares of Ulta Beauty by 4.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,924 shares of the specialty retailer’s stock valued at $1,206,000 after buying an additional 211 shares during the last quarter. 88.72% of the stock is currently owned by institutional investors.

Ulta Beauty stock traded down $0.48 during trading hours on Friday, reaching $344.95. The stock had a trading volume of 481,341 shares, compared to its average volume of 647,278. The company has a market capitalization of $20.17 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. The company has a current ratio of 1.93, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average of $343.03. Ulta Beauty Inc has a 52 week low of $224.43 and a 52 week high of $365.54.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current fiscal year.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $343.02, for a total value of $137,208.00. Following the sale, the director now owns 2,811 shares in the company, valued at approximately $964,229.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $354.03, for a total value of $708,060.00. Following the completion of the sale, the director now owns 8,368 shares in the company, valued at approximately $2,962,523.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,715 shares of company stock worth $958,441. Corporate insiders own 4.20% of the company’s stock.

Several research firms have recently issued reports on ULTA. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective on the stock in a research report on Monday, May 20th. BidaskClub raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Friday, May 10th. Piper Jaffray Companies raised their target price on shares of Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Robert W. Baird reissued an “outperform” rating and issued a $395.00 target price (up from $365.00) on shares of Ulta Beauty in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $350.06.

Ulta Beauty Profile

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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