Crossmark Global Holdings Inc. grew its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,180 shares of the specialty retailer’s stock after purchasing an additional 82 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ulta Beauty were worth $2,301,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Lucia Wealth Services LLC grew its position in shares of Ulta Beauty by 437.6% in the third quarter. Lucia Wealth Services LLC now owns 3,736 shares of the specialty retailer’s stock valued at $936,000 after purchasing an additional 3,041 shares during the last quarter. Altman Advisors Inc. grew its position in shares of Ulta Beauty by 35.3% in the third quarter. Altman Advisors Inc. now owns 7,563 shares of the specialty retailer’s stock valued at $1,896,000 after purchasing an additional 1,974 shares during the last quarter. Bell & Brown Wealth Advisors LLC purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $2,871,000. Polaris Greystone Financial Group LLC purchased a new position in shares of Ulta Beauty during the third quarter valued at approximately $3,794,000. Finally, Diversified Trust Co lifted its stake in shares of Ulta Beauty by 14.6% during the third quarter. Diversified Trust Co now owns 1,180 shares of the specialty retailer’s stock valued at $296,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 87.80% of the company’s stock.
In other Ulta Beauty news, Director Charles Heilbronn bought 115,258 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $236.41 per share, with a total value of $27,248,143.78. Following the purchase, the director now owns 60,368 shares in the company, valued at approximately $14,271,598.88. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mary N. Dillon bought 1,300 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the purchase, the chief executive officer now owns 79,256 shares in the company, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. In the last three months, insiders bought 186,567 shares of company stock worth $44,964,903. Insiders own 4.20% of the company’s stock.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $2.46 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Equities research analysts expect that Ulta Beauty Inc will post 11.81 EPS for the current fiscal year.
ULTA has been the topic of several recent analyst reports. ValuEngine raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded shares of Ulta Beauty to a “buy” rating and reduced their price objective for the company from $395.00 to $317.00 in a research note on Friday, August 30th. Guggenheim set a $325.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, August 30th. William Blair downgraded shares of Ulta Beauty to a “buy” rating in a research note on Friday, August 30th. Finally, TheStreet downgraded shares of Ulta Beauty from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $297.78.
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.
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