Andra AP fonden Trims Stock Position in Ulta Beauty Inc (NASDAQ:ULTA)

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Andra AP fonden lowered its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,800 shares of the specialty retailer’s stock after selling 800 shares during the quarter. Andra AP fonden’s holdings in Ulta Beauty were worth $4,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $25,000. Commonwealth Bank of Australia increased its position in shares of Ulta Beauty by 79.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 38 shares during the last quarter. San Francisco Sentry Investment Group CA increased its holdings in Ulta Beauty by 3,900.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Next Capital Management LLC increased its holdings in Ulta Beauty by 206.7% in the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth approximately $34,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Shares of ULTA opened at $233.86 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. Ulta Beauty Inc has a 1 year low of $222.00 and a 1 year high of $368.83. The company has a 50 day simple moving average of $239.82 and a two-hundred day simple moving average of $295.94. The firm has a market cap of $13.77 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $2.46 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty Inc will post 11.79 earnings per share for the current year.

ULTA has been the subject of several analyst reports. Citigroup lowered shares of Ulta Beauty from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $390.00 to $300.00 in a report on Friday, August 30th. Morgan Stanley lowered shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $395.00 to $275.00 in a report on Friday, August 30th. William Blair reissued a “buy” rating on shares of Ulta Beauty in a report on Friday, November 22nd. Barclays initiated coverage on shares of Ulta Beauty in a report on Tuesday, November 12th. They issued an “equal weight” rating and a $251.00 target price for the company. Finally, Oppenheimer reduced their target price on shares of Ulta Beauty from $390.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $289.22.

In other news, CEO Mary N. Dillon bought 1,300 shares of the stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the transaction, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles Heilbronn bought 70,009 shares of the stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the completion of the transaction, the director now directly owns 60,368 shares in the company, valued at approximately $15,011,106.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 186,567 shares of company stock valued at $44,964,903. Insiders own 4.20% of the company’s stock.

Ulta Beauty Company 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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