Bbva Compass Bancshares Inc. bought a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,117 shares of the specialty retailer’s stock, valued at approximately $315,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Ulta Beauty by 26.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,548 shares of the specialty retailer’s stock worth $2,694,000 after purchasing an additional 1,994 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Ulta Beauty during the 3rd quarter worth about $151,000. Private Advisor Group LLC purchased a new stake in Ulta Beauty during the 3rd quarter worth about $358,000. Synovus Financial Corp increased its holdings in Ulta Beauty by 1.6% during the 3rd quarter. Synovus Financial Corp now owns 19,889 shares of the specialty retailer’s stock worth $5,603,000 after purchasing an additional 318 shares during the period. Finally, US Bancorp DE increased its holdings in Ulta Beauty by 165.6% during the 3rd quarter. US Bancorp DE now owns 11,117 shares of the specialty retailer’s stock worth $3,136,000 after purchasing an additional 6,931 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Piper Jaffray Companies set a $312.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group set a $335.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Friday. Deutsche Bank set a $300.00 price target on Ulta Beauty and gave the stock a “hold” rating in a report on Friday. Loop Capital upped their price target on Ulta Beauty to $300.00 and gave the stock a “hold” rating in a report on Friday. Finally, Wells Fargo & Co set a $336.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $280.40.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.05. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, sell-side analysts forecast that Ulta Beauty Inc will post 10.85 earnings per share for the current year.
In related news, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the transaction, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now owns 361,294 shares in the company, valued at approximately $103,745,572.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,407 shares of company stock worth $19,580,698. Company insiders own 5.60% of the company’s stock.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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