Twin Capital Management Inc. Acquires 104 Shares of Ulta Beauty Inc. $ULTA

Twin Capital Management Inc. boosted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,422 shares of the specialty retailer’s stock after buying an additional 104 shares during the quarter. Twin Capital Management Inc.’s holdings in Ulta Beauty were worth $1,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management boosted its stake in shares of Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 40 shares during the last quarter. Ransom Advisory Ltd bought a new position in Ulta Beauty in the 1st quarter worth $36,000. Costello Asset Management INC bought a new stake in Ulta Beauty during the first quarter valued at about $37,000. Larson Financial Group LLC raised its stake in shares of Ulta Beauty by 178.4% in the first quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock worth $38,000 after buying an additional 66 shares during the period. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Ulta Beauty during the 2nd quarter worth approximately $52,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective on the stock in a research report on Thursday, September 25th. Wall Street Zen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company raised their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Finally, Cowen reiterated a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Ulta Beauty Stock Down 2.3%

Ulta Beauty stock opened at $509.85 on Friday. The company’s 50-day moving average price is $530.07 and its 200-day moving average price is $486.34. The company has a market cap of $22.86 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business posted $5.30 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.