Optimum Investment Advisors Buys 700 Shares of Ulta Beauty Inc (ULTA)

Share on StockTwits

Optimum Investment Advisors grew its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 777.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790 shares of the specialty retailer’s stock after purchasing an additional 700 shares during the quarter. Optimum Investment Advisors’ holdings in Ulta Beauty were worth $193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC increased its holdings in Ulta Beauty by 24.0% during the second quarter. FMR LLC now owns 948,576 shares of the specialty retailer’s stock worth $221,454,000 after buying an additional 183,611 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ulta Beauty by 39.4% in the second quarter. Advisors Asset Management Inc. now owns 26,484 shares of the specialty retailer’s stock worth $6,183,000 after purchasing an additional 7,484 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Ulta Beauty in the second quarter worth about $2,599,000. Stock Yards Bank & Trust Co. increased its stake in shares of Ulta Beauty by 3.4% in the third quarter. Stock Yards Bank & Trust Co. now owns 33,321 shares of the specialty retailer’s stock worth $9,400,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Scout Investments Inc. increased its stake in shares of Ulta Beauty by 145.7% in the third quarter. Scout Investments Inc. now owns 81,854 shares of the specialty retailer’s stock worth $23,093,000 after purchasing an additional 48,533 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research reiterated a “buy” rating and issued a $316.00 target price on shares of Ulta Beauty in a research note on Saturday, November 17th. BidaskClub upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Piper Jaffray Companies lifted their target price on shares of Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a research note on Monday, November 12th. Deutsche Bank set a $300.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, November 9th. Finally, Jefferies Financial Group set a $335.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, November 9th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $288.84.

Shares of ULTA opened at $298.10 on Tuesday. The company has a market capitalization of $17.68 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. Ulta Beauty Inc has a fifty-two week low of $191.70 and a fifty-two week high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. On average, research analysts predict that Ulta Beauty Inc will post 10.82 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4146425/optimum-investment-advisors-buys-700-shares-of-ulta-beauty-inc-ulta.html.

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.

Featured Story: Cost of Equity For A Business, Investors

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc (NASDAQ:ULTA).

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Reviewing Hewlett Packard Enterprise  and Intrusion
Reviewing Hewlett Packard Enterprise and Intrusion
Brokerages Expect Avenue Therapeutics Inc  to Post -$0.47 EPS
Brokerages Expect Avenue Therapeutics Inc to Post -$0.47 EPS
Head to Head Review: Risk  Industries  vs. AAC TECHNOLOGIE/ADR
Head to Head Review: Risk Industries vs. AAC TECHNOLOGIE/ADR
GlobalCoin  Market Capitalization Reaches $198,439.00
GlobalCoin Market Capitalization Reaches $198,439.00
Rush Enterprises  Downgraded by Zacks Investment Research
Rush Enterprises Downgraded by Zacks Investment Research
Sinclair Broadcast Group  Lifted to Strong-Buy at BidaskClub
Sinclair Broadcast Group Lifted to Strong-Buy at BidaskClub


Leave a Reply

© 2006-2019 Ticker Report