Cape Cod Five Cents Savings Bank purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,970 shares of the specialty retailer’s stock, valued at approximately $1,132,000.
A number of other institutional investors have also made changes to their positions in the company. Capital World Investors increased its position in shares of Ulta Beauty by 0.8% in the third quarter. Capital World Investors now owns 4,897,300 shares of the specialty retailer’s stock worth $1,165,459,000 after buying an additional 38,300 shares during the period. State Street Corp increased its position in Ulta Beauty by 2.0% in the fourth quarter. State Street Corp now owns 2,459,511 shares of the specialty retailer’s stock valued at $626,995,000 after buying an additional 47,913 shares during the last quarter. Jennison Associates LLC increased its position in Ulta Beauty by 83.6% in the third quarter. Jennison Associates LLC now owns 2,029,500 shares of the specialty retailer’s stock valued at $482,980,000 after buying an additional 924,308 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Ulta Beauty by 12.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 969,374 shares of the specialty retailer’s stock valued at $247,132,000 after buying an additional 106,665 shares during the last quarter. Finally, Norges Bank purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $146,350,000. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded up 0.28% on Friday, hitting $279.50. The stock had a trading volume of 503,509 shares. The firm has a 50-day moving average of $282.31 and a 200 day moving average of $263.67. Ulta Beauty Inc has a 1-year low of $202.28 and a 1-year high of $289.27. The company has a market capitalization of $17.37 billion, a PE ratio of 42.87 and a beta of 0.65.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $2.24 EPS for the quarter, beating the consensus estimate of $2.13 by $0.11. The firm earned $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. On average, equities analysts anticipate that Ulta Beauty Inc will post $8.08 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on the company. Instinet upped their target price on Ulta Beauty from $297.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, March 20th. Cowen and Company reaffirmed an “outperform” rating and issued a $311.00 target price (up previously from $296.00) on shares of Ulta Beauty in a research report on Monday, March 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $300.00 target price (up previously from $290.00) on shares of Ulta Beauty in a research report on Monday, March 13th. Robert W. Baird set a $315.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, March 11th. Finally, Royal Bank of Canada set a $285.00 target price on Ulta Beauty and gave the company a “sector perform” rating in a research report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $291.73.
In other news, CEO Mary Dillon sold 33,955 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $286.05, for a total transaction of $9,712,827.75. Following the completion of the transaction, the chief executive officer now directly owns 72,622 shares of the company’s stock, valued at $20,773,523.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $285.15, for a total transaction of $14,257,500.00. Following the transaction, the director now directly owns 4,309 shares of the company’s stock, valued at $1,228,711.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,534 shares of company stock valued at $42,979,662. Insiders own 6.90% 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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