Sciencast Management LP Invests $454,000 in Ulta Beauty Inc. (ULTA) Stock
Sciencast Management LP acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,581 shares of the specialty retailer’s stock, valued at approximately $454,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 40 shares during the period. Sun Life Financial INC raised its stake in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. FNY Partners Fund LP acquired a new stake in Ulta Beauty during the first quarter worth about $142,000. Lazard Asset Management LLC acquired a new stake in Ulta Beauty during the second quarter worth about $157,000. Finally, QS Investors LLC raised its stake in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.
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Ulta Beauty Inc. (ULTA) traded down 0.33% on Friday, hitting $219.91. 1,479,151 shares of the stock traded hands. Ulta Beauty Inc. has a 12-month low of $204.01 and a 12-month high of $314.86. The stock has a 50-day moving average price of $224.35 and a 200 day moving average price of $265.80. The stock has a market cap of $13.51 billion, a P/E ratio of 29.27 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. Ulta Beauty’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. On average, equities analysts expect that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
In other news, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.
Several equities research analysts recently weighed in on ULTA shares. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price objective on the stock in a research note on Thursday, July 13th. Morgan Stanley decreased their target price on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research report on Monday, August 28th. Guggenheim started coverage on shares of Ulta Beauty in a research report on Tuesday, June 13th. They issued a “neutral” rating for the company. Deutsche Bank AG restated a “hold” rating and issued a $300.00 target price on shares of Ulta Beauty in a research report on Monday, June 26th. Finally, Telsey Advisory Group decreased their target price on shares of Ulta Beauty from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $279.96.
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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