Ulta Beauty Inc. (ULTA) Shares Bought by Ithaka Group LLC
Ithaka Group LLC lifted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,278 shares of the specialty retailer’s stock after purchasing an additional 763 shares during the period. Ulta Beauty accounts for about 5.6% of Ithaka Group LLC’s investment portfolio, making the stock its 4th biggest holding. Ithaka Group LLC owned approximately 0.17% of Ulta Beauty worth $31,113,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of Ulta Beauty by 11.2% in the 1st quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $142,000. Lazard Asset Management LLC bought a new position in Ulta Beauty in the 2nd quarter worth $157,000. NEXT Financial Group Inc raised its holdings in Ulta Beauty by 18.0% in the 1st quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after acquiring an additional 86 shares during the period. Finally, EFG Asset Management Americas Corp. bought a new position in Ulta Beauty in the 1st quarter worth $221,000. 87.91% of the stock is owned by institutional investors and hedge funds.
ULTA has been the topic of several recent analyst reports. BMO Capital Markets set a $345.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Piper Jaffray Companies set a $333.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 target price on the stock in a report on Monday, May 22nd. Jefferies Group LLC upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $266.00 to $350.00 in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $281.63.
Ulta Beauty Inc. (NASDAQ ULTA) traded down 1.2501% during mid-day trading on Tuesday, reaching $224.2412. 195,976 shares of the company were exchanged. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 29.8511 and a beta of 0.57. The company’s 50 day moving average price is $234.53 and its 200-day moving average price is $271.53. Ulta Beauty Inc. has a 12-month low of $204.01 and a 12-month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.
In other Ulta Beauty news, Director Michael R. Macdonald purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.
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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