Winthrop Advisory Group LLC Buys Shares of 771 Ulta Beauty Inc (ULTA)

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.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. As a group, sell-side analysts forecast that Ulta Beauty Inc will post 12.78 earnings per share for the current year.

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.

WARNING: “Winthrop Advisory Group LLC Buys Shares of 771 Ulta Beauty Inc (ULTA)” was published by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.wkrb13.com/2019/04/24/winthrop-advisory-group-llc-buys-shares-of-771-ulta-beauty-inc-ulta.html.

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.

See Also: Certificate of Deposit (CD) For Risk Adverse Investors?

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc (NASDAQ:ULTA).

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.