Marshall Wace North America L.P. boosted its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 204.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,958 shares of the specialty retailer’s stock after buying an additional 34,202 shares during the period. Marshall Wace North America L.P. owned 0.09% of Ulta Beauty worth $14,376,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in Ulta Beauty during the 3rd quarter worth approximately $44,356,000. Great Lakes Advisors LLC purchased a new stake in Ulta Beauty during the 3rd quarter worth approximately $328,000. Legal & General Group Plc increased its stake in Ulta Beauty by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock worth $76,900,000 after buying an additional 5,295 shares in the last quarter. Standard Life Aberdeen plc increased its stake in Ulta Beauty by 73.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock worth $6,685,000 after buying an additional 10,071 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Ulta Beauty by 29,796.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 80,122 shares of the specialty retailer’s stock worth $284,000 after buying an additional 79,854 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.
In related news, Director Dennis K. Eck sold 35,000 shares of the company’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 value of $10,050,250.00. Following the transaction, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the transaction, the director now owns 3,628 shares in the company, valued at $1,021,282. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock worth $19,028,318 over the last quarter. 5.60% of the stock is currently owned by insiders.
Several research firms have commented on ULTA. Zacks Investment Research reiterated a “buy” rating and set a $316.00 price objective on shares of Ulta Beauty in a research note on Saturday, November 17th. BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Piper Jaffray Companies boosted their price objective on Ulta Beauty to $325.00 and gave the stock an “overweight” rating in a research note on Monday, November 12th. Jefferies Financial Group set a $335.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, Deutsche Bank set a $300.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, November 9th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $286.96.
ULTA stock opened at $254.47 on Friday. The company has a market capitalization of $17.51 billion, a PE ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63. Ulta Beauty Inc has a 1 year low of $191.70 and a 1 year high of $322.49.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 earnings per share. As a group, sell-side analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current fiscal year.
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About Ulta Beauty
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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