Delta Lloyd Asset Management N.V. Purchases New Stake in Ulta Beauty Inc. (ULTA)
Delta Lloyd Asset Management N.V. purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,319 shares of the specialty retailer’s stock, valued at approximately $2,390,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its holdings in 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 acquiring an additional 3,866,567 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in 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 acquiring an additional 569,802 shares during the last quarter. Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 425,812 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Ulta Beauty by 51.2% during the 1st quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock worth $266,862,000 after acquiring an additional 316,898 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Ulta Beauty during the 2nd quarter worth $62,832,000. 87.16% of the stock is owned by institutional investors and hedge funds.
Shares of Ulta Beauty Inc. (ULTA) opened at 221.73 on Monday. Ulta Beauty Inc. has a 12 month low of $204.01 and a 12 month high of $314.86. The company has a market capitalization of $13.73 billion, a PE ratio of 29.52 and a beta of 0.57. The stock’s 50 day moving average price is $242.66 and its 200 day moving average price is $275.02.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty Inc. will post $8.38 EPS for the current year.
In related news, Director Michael R. Macdonald acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.
A number of equities research analysts have recently commented on ULTA shares. Buckingham Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $325.00 to $330.00 in a research note on Friday, May 26th. Edward Jones cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price on the stock in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and set a $325.00 target price (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, June 6th. Finally, Morgan Stanley lowered their target price 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 research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $285.52.
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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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