Winthrop Advisory Group LLC bought a new position in Ulta Beauty Inc (NASDAQ:ULTA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 771 shares of the specialty retailer’s stock, valued at approximately $272,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at about $171,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at about $338,000. Boston Advisors LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at about $470,000. Advisor Partners LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at about $239,000. Finally, Moody Lynn & Lieberson LLC raised its holdings in shares of Ulta Beauty by 50.2% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 2,590 shares of the specialty retailer’s stock valued at $903,000 after acquiring an additional 866 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
Ulta Beauty stock traded up $4.22 during trading hours on Tuesday, reaching $351.63. The company had a trading volume of 547,402 shares, compared to its average volume of 757,926. The stock has a market capitalization of $20.43 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.02. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $359.69.
Several research firms have weighed in on ULTA. Morgan Stanley raised their price target on Ulta Beauty from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Robert W. Baird reaffirmed an “outperform” rating and issued a $395.00 price target (up previously from $365.00) on shares of Ulta Beauty in a report on Thursday, April 18th. Piper Jaffray Companies raised their price target on Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Loop Capital raised their price objective on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $335.30.
In other Ulta Beauty news, insider Jeffrey J. Childs sold 9,757 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $333.89, for a total value of $3,257,764.73. Following the transaction, the insider now directly owns 13,671 shares of the company’s stock, valued at approximately $4,564,610.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis K. Eck sold 10,000 shares of Ulta Beauty stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $352.83, for a total value of $3,528,300.00. Following the completion of the transaction, the director now directly owns 220,000 shares in the company, valued at $77,622,600. The disclosure for this sale can be found here. Insiders sold a total of 426,250 shares of company stock worth $143,394,373 over the last ninety days. Insiders own 5.60% of the company’s stock.
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Ulta Beauty Profile
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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