Fishman Jay A Ltd. MI Invests $1.73 Million in Ulta Beauty Inc (NASDAQ:ULTA)

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Fishman Jay A Ltd. MI bought a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,910 shares of the specialty retailer’s stock, valued at approximately $1,732,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Unigestion Holding SA bought a new position in shares of Ulta Beauty in the 3rd quarter valued at about $246,000. Daiwa Securities Group Inc. raised its position in shares of Ulta Beauty by 6.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,415 shares of the specialty retailer’s stock valued at $605,000 after acquiring an additional 145 shares during the period. Provident Trust Co. acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $351,000. Fulcrum Capital LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $446,000. Finally, Willingdon Wealth Management acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $4,162,000. 87.39% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on ULTA shares. TheStreet downgraded shares of Ulta Beauty from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Cowen cut their price target on shares of Ulta Beauty from $313.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Co downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and cut their price target for the company from $350.00 to $235.00 in a research report on Friday, August 30th. UBS Group cut their price target on shares of Ulta Beauty from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Credit Suisse Group cut their price target on shares of Ulta Beauty from $380.00 to $286.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $290.95.

ULTA stock traded down $4.48 during mid-day trading on Friday, hitting $239.29. 852,400 shares of the company were exchanged, compared to its average volume of 1,059,228. The firm has a market cap of $14.44 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.24 and a beta of 1.13. The firm’s 50 day simple moving average is $242.23 and its 200 day simple moving average is $307.03. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.80. Ulta Beauty Inc has a 1-year low of $224.43 and a 1-year high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 earnings per share. On average, equities research analysts predict that Ulta Beauty Inc will post 11.81 EPS for the current fiscal year.

In other news, Director Charles Heilbronn purchased 70,009 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of $248.66 per share, with a total value of $17,408,437.94. Following the acquisition, the director now owns 60,368 shares in the company, valued at approximately $15,011,106.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary N. Dillon purchased 1,300 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $237.17 per share, with a total value of $308,321.00. Following the completion of the acquisition, the chief executive officer now owns 79,256 shares in the company, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 186,567 shares of company stock valued at $44,964,903. 4.20% of the stock is currently owned by insiders.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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