Fishman Jay A Ltd. MI Has $316,000 Position in Ulta Beauty Inc. (ULTA)
Fishman Jay A Ltd. MI continued to hold its stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,100 shares of the specialty retailer’s stock at the end of the second quarter. Fishman Jay A Ltd. MI’s holdings in Ulta Beauty were worth $316,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in ULTA. Macquarie Group Ltd. raised its stake in Ulta Beauty by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 35,331 shares of the specialty retailer’s stock valued at $9,007,000 after buying an additional 3,635 shares during the last quarter. Bank of Montreal Can raised its stake in Ulta Beauty by 3.3% in the first quarter. Bank of Montreal Can now owns 26,495 shares of the specialty retailer’s stock valued at $7,558,000 after buying an additional 845 shares during the last quarter. Atria Investments LLC acquired a new stake in Ulta Beauty during the first quarter valued at about $281,000. Cim LLC raised its stake in Ulta Beauty by 1.1% in the first quarter. Cim LLC now owns 3,820 shares of the specialty retailer’s stock valued at $1,090,000 after buying an additional 41 shares during the last quarter. Finally, OLD Second National Bank of Aurora acquired a new stake in Ulta Beauty during the first quarter valued at about $1,593,000. 85.68% of the stock is owned by institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at 248.47 on Tuesday. Ulta Beauty Inc. has a 12-month low of $225.13 and a 12-month high of $314.86. The firm has a market cap of $15.41 billion, a PE ratio of 34.89 and a beta of 0.57. The company has a 50 day moving average of $261.05 and a 200-day moving average of $279.50.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.12. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty Inc. will post $8.32 EPS for the current fiscal year.
ULTA has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $266.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a report on Thursday, April 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $314.00 price target on shares of Ulta Beauty in a report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $330.00 price target (up from $315.00) on shares of Ulta Beauty in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $319.05.
In related news, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the transaction, the director now owns 4,126 shares in the company, valued at approximately $1,288,797.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the transaction, the director now owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
About Ulta Beauty
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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