Westpac Banking Corporation increased its position in Ulta Beauty (NASDAQ: ULTA – Get Rating) by 203.2% in the first quarter, according to its latest Securities and Exchange Commission filings. The institutional investor owned his 17,160 shares in the specialty retailer after acquiring an additional 11,501 shares during the quarter. Westpac Banking Corp’s Ulta Beauty holdings were valued at $6,833,000 as of the latest SEC filing.
Other hedge funds have also recently changed positions in the company. Signaturefd LLC boosted his position in Ulta Beauty by 4.4% in the first quarter. Signaturefd LLC now owns 617 shares of the specialty retailer worth $246,000 after purchasing an additional 26 shares during this period. J2 Capital Management Inc boosted his position in Ulta Beauty by 3.7% in the first quarter. J2 Capital Management Inc now owns 817 shares of the specialty retailer worth $325,000 after purchasing an additional 29 shares during this period. Synovus Financial Corp increased its position in Ulta Beauty by 0.5% in the fourth quarter. Synovus Financial Corp owns 6,440 shares of the specialty retailer worth $2,647,000 after purchasing an additional 33 shares during this period. Regal Investment Advisors LLC increased its position in Ulta Beauty by 4.2% in the fourth quarter. Regal Investment Advisors LLC now owns 896 shares of specialty retailer stock valued at $369,000 after purchasing an additional 36 shares during this period. Finally, Resonant Capital Advisors LLC increased its position in Ulta Beauty by 2.8% in the first quarter. Resonant Capital Advisors LLC owns 1,315 shares of the specialty retailer worth $511,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 89.20% of the company’s shares.
Insider trading at Ulta Beauty
In separate news, director George R. Mrkonic, Jr. sold 476 shares of the company in a transaction on Monday, June 13th. The shares sold for an average of $391.84, and the total transaction value he had was $186,515.84. Following the closing of the sale, the directors now own 2,393 shares of the company’s stock valued at approximately $937,673.12. The transaction was disclosed in SEC filings accessible via this hyperlink. In separate news, director George R. Mrkonic, Jr. sold 476 shares of the company in a transaction on Monday, June 13th. The shares sold for an average of $391.84, and the total transaction value he had was $186,515.84. Following the closing of the sale, the directors now own 2,393 shares of the company’s stock valued at approximately $937,673.12. The transaction was disclosed in SEC filings accessible via this hyperlink. His CFO, Scott M. Settersten, also sold 32,532 shares of the company in a transaction on Thursday, June 9. The shares were sold at an average price of $426.63, giving him a total of $13,879,127.16. After the sale, the Chief Financial Officer now owns 14,037 shares of the Company’s stock valued at approximately $5,988,605.31. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 46,207 shares of company stock worth $19,411,502. His 2.00% of the shares are now owned by corporate insiders.
Ulta Beauty Trading 1.5% Down
ULTA shares opened at $403.25 on Monday. Ulta Beauty, Inc. has a one-year low of $330.80 and a one-year high of $438.63. The company has a market capitalization of $20.9 billion, a price/earnings ratio of 19.95, a P/E/G ratio of 1.88 and a beta of 1.45. The stock has a 50-day simple moving average of $392.23 and a 200-day simple moving average of $390.21.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last reported earnings on Thursday, May 26th. The specialty retailer reported his EPS of $6.30 for the quarter, beating analysts’ consensus forecast of $4.44 by $1.86. Ulta Beauty had a return on equity of 60.83% and a net profit margin of 12.03%. The company’s revenue for the quarter was $2.35 billion, compared to consensus expectations of $2.12 billion. His earnings per share for the company in the same period last year were $4.10. Quarterly revenue for this business increased by 21.0% compared to the same period last year. On average, sell-side analysts expect Ulta Beauty, Inc. to post 20.17 EPS this year.
Wall Street Analyst Predicts Growth
ULTA has been the subject of several recent analyst reports. Robert W. Baird raised his price target for Ulta Beauty from his $450.00 to his $490.00, giving the company an “excellent” rating in a research note on Friday, May 27. Deutsche Bank Aktiengesellschaft lowered its target price for Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25. Barclays has raised its price target for Ulta Beauty from $469.00 to $491.00, giving the company an “Overweight” rating in its research notes on Tuesday, May 31. JPMorgan Chase & Co. increased its target price for Ulta Beauty from $460.00 to $480.00 in a research note on Friday, May 27. Finally, StockNews.com raised his rating of Ulta Beauty from “pending” to “buying” in a research note on Thursday. Seven equity research analysts have placed a hold rating on this stock, 15 have issued a buy rating, and one has given the company a strong buy rating. Based on MarketBeat.com data, Ulta Beauty currently has a “moderate buy” consensus rating and an average price target of $460.05.
About Ulta Beauty
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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The Company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools. professional hair products; salon services, including hair, skin, makeup and brow services; and nail service.
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