Aviva PLC Boosts Position in Ulta Beauty Inc. (ULTA)
Aviva PLC raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,595 shares of the specialty retailer’s stock after buying an additional 260 shares during the period. Aviva PLC owned about 0.06% of Ulta Beauty worth $10,804,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its position in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares in the last quarter. FNY Partners Fund LP acquired a new position in Ulta Beauty during the first quarter worth about $142,000. NEXT Financial Group Inc increased its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares in the last quarter. EFG Asset Management Americas Corp. acquired a new position in Ulta Beauty during the first quarter worth about $221,000. Finally, M Holdings Securities Inc. acquired a new position in Ulta Beauty during the first quarter worth about $228,000. Institutional investors own 85.68% of the company’s stock.
Shares of Ulta Beauty Inc. (ULTA) opened at 212.36 on Friday. The company’s 50-day moving average is $249.47 and its 200 day moving average is $277.02. The stock has a market cap of $13.15 billion, a PE ratio of 28.27 and a beta of 0.57. Ulta Beauty Inc. has a 52 week low of $208.25 and a 52 week high of $314.86. Ulta Beauty also saw some unusual options trading activity on Thursday. Stock investors acquired 23,425 put options on the company. This is an increase of 769% compared to the typical volume of 2,696 put options.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.72%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $1.43 EPS. Ulta Beauty’s revenue was up 20.7% on a year-over-year basis. Analysts forecast that Ulta Beauty Inc. will post $8.33 earnings per share for the current fiscal year.
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ULTA has been the subject of a number of recent analyst reports. Cowen and Company set a $336.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $295.00 price objective (down previously from $335.00) on shares of Ulta Beauty in a report on Friday. They noted that the move was a valuation call. Royal Bank Of Canada set a $310.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a report on Sunday, May 28th. Zacks Investment Research cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Buckingham Research set a $225.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $294.72.
In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
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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