State of Alaska Department of Revenue Raises Position in Ulta Beauty Inc (ULTA)
State of Alaska Department of Revenue increased its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 119.5% in the fourth quarter, Holdings Channel reports. The fund owned 12,067 shares of the specialty retailer’s stock after purchasing an additional 6,570 shares during the period. State of Alaska Department of Revenue’s holdings in Ulta Beauty were worth $2,697,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ULTA. Sun Life Financial INC lifted its position in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares during the last quarter. Lazard Asset Management LLC bought a new position in Ulta Beauty during the second quarter valued at $157,000. QS Investors LLC lifted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the last quarter. Cypress Capital Group bought a new position in Ulta Beauty during the second quarter valued at $218,000. Finally, QCM Cayman Ltd. bought a new position in Ulta Beauty during the second quarter valued at $248,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.
ULTA has been the subject of several research reports. Buckingham Research reiterated a “buy” rating on shares of Ulta Beauty in a research report on Tuesday. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, October 20th. Loop Capital set a $300.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 3rd. Cleveland Research lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and increased their price objective for the company from $189.50 to $314.00 in a research report on Thursday, October 12th. Finally, Wells Fargo & Co set a $297.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has an average rating of “Buy” and an average target price of $264.10.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. analysts predict that Ulta Beauty Inc will post 8.35 earnings per share for the current year.
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About Ulta Beauty
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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