Golub Group LLC purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,635 shares of the specialty retailer’s stock, valued at approximately $25,224,000. Ulta Beauty comprises 2.0% of Golub Group LLC’s holdings, making the stock its 24th largest position. Golub Group LLC owned approximately 0.17% of Ulta Beauty as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in ULTA. Sterling Investment Advisors Ltd. purchased a new position in shares of Ulta Beauty in the 3rd quarter worth $25,000. Legacy Advisors LLC purchased a new position in Ulta Beauty during the second quarter valued at $26,000. Commonwealth Bank of Australia lifted its position in Ulta Beauty by 79.2% during the second quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its position in Ulta Beauty by 3,900.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Finally, Next Capital Management LLC lifted its position in Ulta Beauty by 206.7% during the second quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.
Several research firms recently weighed in on ULTA. Nomura began coverage on Ulta Beauty in a research report on Friday. They set a “reduce” rating and a $215.00 target price on the stock. Jefferies Financial Group set a $310.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. downgraded Ulta Beauty to a “buy” rating and lowered their target price for the company from $395.00 to $317.00 in a research report on Friday, August 30th. Wolfe Research began coverage on Ulta Beauty in a research report on Tuesday, October 8th. They set a “buy” rating and a $288.00 target price on the stock. Finally, ValuEngine upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $290.95.
NASDAQ:ULTA traded down $4.48 on Friday, reaching $239.29. 852,400 shares of the company’s stock traded hands, compared to its average volume of 1,059,228. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92. The firm has a market cap of $14.44 billion, a PE ratio of 22.05, a P/E/G ratio of 1.24 and a beta of 1.13. The stock has a 50-day simple moving average of $242.23 and a 200-day simple moving average of $307.03. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS. On average, equities analysts anticipate that Ulta Beauty Inc will post 11.81 earnings per share for the current year.
In other Ulta Beauty news, Director Charles Heilbronn purchased 70,009 shares of Ulta Beauty stock in a transaction dated Monday, September 30th. The shares were acquired at an average cost of $248.66 per share, with a total value of $17,408,437.94. Following the completion of the transaction, the director now owns 60,368 shares in the company, valued at approximately $15,011,106.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary N. Dillon purchased 1,300 shares of Ulta Beauty stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the transaction, the chief executive officer now owns 79,256 shares of the company’s stock, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. Insiders purchased 186,567 shares of company stock valued at $44,964,903 in the last three months. 4.20% 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, 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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