CIBC Asset Management Inc increased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 21.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,541 shares of the specialty retailer’s stock after buying an additional 2,218 shares during the quarter. CIBC Asset Management Inc’s holdings in Ulta Beauty were worth $2,835,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. QS Investors LLC lifted its stake in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Balasa Dinverno & Foltz LLC raised its position in Ulta Beauty by 1.0% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after purchasing an additional 10 shares during the last quarter. Chase Investment Counsel Corp raised its position in Ulta Beauty by 1.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 18 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Ulta Beauty by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in Ulta Beauty by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock worth $3,692,000 after purchasing an additional 34 shares during the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.
In other Ulta Beauty news, Director Michael R. Macdonald acquired 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the purchase, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.
Ulta Beauty Inc. (ULTA) opened at $205.96 on Friday. Ulta Beauty Inc. has a 52 week low of $187.96 and a 52 week high of $314.86. The stock has a market cap of $12,650.00, a price-to-earnings ratio of 27.10, a PEG ratio of 1.23 and a beta of 0.51.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $1.43 earnings per share. The business’s quarterly revenue was up 20.7% on a year-over-year basis. equities analysts predict that Ulta Beauty Inc. will post 8.36 earnings per share for the current fiscal year.
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ULTA has been the subject of a number of analyst reports. Cleveland Research lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $189.50 to $314.00 in a report on Thursday, October 12th. The Goldman Sachs Group, Inc. lowered shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and decreased their price target for the company from $290.00 to $267.00 in a report on Monday, October 16th. Cowen and Company set a $336.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, October 20th. BidaskClub lowered shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $274.11.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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