Private Harbour Investment Management & Counsel LLC Purchases Shares of 4,733 Ulta Beauty Inc. (ULTA)
Private Harbour Investment Management & Counsel LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,733 shares of the specialty retailer’s stock, valued at approximately $1,070,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sun Life Financial INC grew its holdings in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares during the period. Lazard Asset Management LLC purchased a new stake in Ulta Beauty in the 2nd quarter valued at about $157,000. QS Investors LLC grew its holdings in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 6 shares during the period. Cypress Capital Group purchased a new stake in Ulta Beauty in the 2nd quarter valued at about $218,000. Finally, QCM Cayman Ltd. purchased a new stake in Ulta Beauty in the 2nd quarter valued at about $248,000. Institutional investors own 85.22% of the company’s stock.
Several research firms have commented on ULTA. BMO Capital Markets restated a “hold” rating and issued a $235.00 price target on shares of Ulta Beauty in a report on Thursday, November 2nd. Royal Bank Of Canada set a $250.00 price objective on Ulta Beauty and gave the company a “hold” rating in a research note on Monday, October 30th. Robert W. Baird set a $265.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Cowen and Company set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies lowered Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $274.11.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Heilbronn purchased 127,889 shares of the stock in a transaction dated Friday, October 13th. The stock was purchased at an average price of $195.21 per share, with a total value of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is owned by insiders.
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Ulta Beauty Inc. (ULTA) traded up $1.57 during mid-day trading on Monday, reaching $200.76. The company’s stock had a trading volume of 807,000 shares, compared to its average volume of 967,599. Ulta Beauty Inc. has a 52 week low of $187.96 and a 52 week high of $314.86. The stock has a market cap of $12,330.00, a P/E ratio of 27.20, a PEG ratio of 1.24 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $1.43 EPS. Ulta Beauty’s revenue for the quarter was up 20.7% compared to the same quarter last year. research analysts anticipate that Ulta Beauty Inc. will post 8.36 EPS for the current fiscal year.
Ulta Beauty 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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