Guardian Capital LP Has $4.22 Million Stake in Ulta Beauty Inc. (ULTA)
Guardian Capital LP grew its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,675 shares of the specialty retailer’s stock after acquiring an additional 696 shares during the period. Guardian Capital LP’s holdings in Ulta Beauty were worth $4,217,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Ulta Beauty by 2,734.8% during the 1st quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Ulta Beauty by 137.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after buying an additional 609,671 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Ulta Beauty by 28,419.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 571,807 shares of the specialty retailer’s stock worth $1,990,000 after buying an additional 569,802 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Ulta Beauty by 1,786.4% during the 1st quarter. Wellington Management Group LLP now owns 449,648 shares of the specialty retailer’s stock worth $128,253,000 after buying an additional 425,812 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ulta Beauty by 605.4% during the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after buying an additional 334,198 shares during the period. 87.91% of the stock is owned by institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) traded down 0.37% during trading on Friday, hitting $226.06. 562,094 shares of the stock traded hands. The stock has a 50-day moving average of $233.76 and a 200 day moving average of $271.14. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86. The company has a market cap of $13.89 billion, a P/E ratio of 30.09 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $1.43 earnings per share. Ulta Beauty’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty Inc. will post $8.39 EPS for the current fiscal year.
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In other news, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.
ULTA has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $350.00 target price on shares of Ulta Beauty in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a report on Friday, July 14th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a report on Tuesday, June 13th. Finally, Cowen and Company set a $336.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $281.63.
Ulta Beauty Company Profile
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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