10,426 Shares in Ulta Beauty Inc (NASDAQ:ULTA) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,426 shares of the specialty retailer’s stock, valued at approximately $3,617,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Ulta Beauty by 1.2% during the 1st quarter. BlackRock Inc. now owns 3,958,105 shares of the specialty retailer’s stock worth $1,380,310,000 after purchasing an additional 47,025 shares during the last quarter. FMR LLC raised its position in shares of Ulta Beauty by 15.3% during the 1st quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock worth $788,932,000 after purchasing an additional 300,904 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Ulta Beauty by 13.8% during the 2nd quarter. Wells Fargo & Company MN now owns 965,338 shares of the specialty retailer’s stock worth $334,867,000 after purchasing an additional 117,270 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ulta Beauty by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after purchasing an additional 62,309 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Ulta Beauty by 1.3% during the 1st quarter. Northern Trust Corp now owns 670,501 shares of the specialty retailer’s stock worth $233,823,000 after purchasing an additional 8,464 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Several research firms recently weighed in on ULTA. BidaskClub downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 price objective for the company in a report on Monday, May 20th. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Ulta Beauty in a report on Tuesday, May 14th. ValuEngine downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Oppenheimer cut their price objective on shares of Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and an average target price of $353.39.

Shares of NASDAQ ULTA traded down $2.57 during midday trading on Thursday, reaching $318.43. 775,882 shares of the stock were exchanged, compared to its average volume of 669,312. The firm has a 50 day moving average of $348.03. The stock has a market cap of $19.67 billion, a PE ratio of 29.35, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a quick ratio of 0.74, a current ratio of 1.93 and a debt-to-equity ratio of 0.85. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.06 by $0.02. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. On average, research analysts predict that Ulta Beauty Inc will post 12.77 earnings per share for the current year.

In other news, Director Catherine Ann Halligan sold 400 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $343.02, for a total transaction of $137,208.00. Following the completion of the sale, the director now owns 2,811 shares in the company, valued at approximately $964,229.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sally E. Blount sold 315 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $359.28, for a total transaction of $113,173.20. Following the sale, the director now owns 989 shares of the company’s stock, valued at approximately $355,327.92. The disclosure for this sale can be found here. Insiders have sold a total of 2,715 shares of company stock valued at $958,441 in the last 90 days. Insiders own 4.20% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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

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