Starfire Investment Advisers Inc. bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) in the 1st quarter, HoldingsChannel.com reports. The firm bought 1,000 shares of the specialty retailer’s stock, valued at approximately $348,000.
A number of other large investors have also recently modified their holdings of ULTA. Shine Investment Advisory Services Inc. lifted its stake in Ulta Beauty by 85.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in Ulta Beauty by 1,270.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 127 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Ulta Beauty by 74.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 69 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in Ulta Beauty in the 1st quarter valued at about $49,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Ulta Beauty in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
In other Ulta Beauty news, Director Dennis K. Eck sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $352.83, for a total value of $3,528,300.00. Following the sale, the director now owns 220,000 shares in the company, valued at $77,622,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary N. Dillon sold 120,949 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $334.42, for a total transaction of $40,447,764.58. Following the completion of the sale, the chief executive officer now owns 87,712 shares in the company, valued at approximately $29,332,647.04. The disclosure for this sale can be found here. Insiders sold 426,250 shares of company stock worth $143,394,373 over the last three months. 5.60% of the stock is currently owned by insiders.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.80% and a return on equity of 36.09%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. As a group, sell-side analysts predict that Ulta Beauty Inc will post 12.78 EPS for the current fiscal year.
ULTA has been the subject of several recent analyst reports. Wells Fargo & Co cut their target price on shares of Ulta Beauty from $328.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. BidaskClub upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. ValuEngine upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Nomura restated a “neutral” rating and set a $311.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Loop Capital raised their price objective on shares of Ulta Beauty from $265.00 to $300.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $335.30.
Ulta Beauty Company 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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