Ulta Beauty Inc. (ULTA) Position Lowered by Scout Investments Inc.
Scout Investments Inc. reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 27.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,917 shares of the specialty retailer’s stock after selling 11,839 shares during the quarter. Scout Investments Inc. owned about 51,956.70% of Ulta Beauty worth $7,215,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Ulta Beauty in the second quarter worth approximately $552,000. CIBC World Markets Inc. lifted its stake in shares of Ulta Beauty by 63.0% in the second quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock worth $2,872,000 after acquiring an additional 3,861 shares during the period. Wendell David Associates Inc. lifted its stake in shares of Ulta Beauty by 1.3% in the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after acquiring an additional 16 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Ulta Beauty by 38.1% in the second quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock worth $33,814,000 after acquiring an additional 32,455 shares during the period. Finally, Biondo Investment Advisors LLC acquired a new position in shares of Ulta Beauty in the second quarter worth approximately $1,082,000. 87.39% of the stock is currently owned by institutional investors.
Shares of Ulta Beauty Inc. (ULTA) opened at $200.76 on Friday. Ulta Beauty Inc. has a 1-year low of $187.96 and a 1-year high of $314.86. The stock has a market capitalization of $12,332.89, a price-to-earnings ratio of 27.20, a P/E/G ratio of 1.24 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. Ulta Beauty’s revenue was up 20.7% compared to the same quarter last year. equities analysts expect that Ulta Beauty Inc. will post 8.36 earnings per share for the current fiscal year.
A number of equities analysts recently commented on ULTA shares. Robert W. Baird set a $265.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, October 23rd. Jefferies Group LLC set a $350.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus cut their price objective on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, August 21st. Finally, Morgan Stanley cut their price objective on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. Ulta Beauty currently has an average rating of “Hold” and an average target price of $274.11.
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In related news, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired 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 of the company’s stock, valued at approximately $1,296,894.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Heilbronn purchased 127,889 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were bought 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. Corporate insiders own 5.20% of the company’s stock.
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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