Paloma Partners Management Co Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Paloma Partners Management Co purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,657 shares of the specialty retailer’s stock, valued at approximately $866,000.

Several other large investors have also recently modified their holdings of ULTA. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $25,000. Vima LLC acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new position in shares of Ulta Beauty during the first quarter valued at about $30,000. Sound Income Strategies LLC grew its holdings in shares of Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. Finally, Webster Bank N. A. acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $33,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Evercore ISI reduced their price objective on shares of Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Bank of America dropped their price target on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Oppenheimer cut their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $497.61.

Ulta Beauty Trading Down 0.8 %

Shares of ULTA stock traded down $2.85 during trading on Monday, reaching $366.61. 1,078,301 shares of the company’s stock traded hands, compared to its average volume of 816,053. The company has a market capitalization of $17.49 billion, a P/E ratio of 14.30, a PEG ratio of 1.71 and a beta of 1.37. The firm’s 50-day moving average is $387.27 and its 200 day moving average is $449.09. Ulta Beauty, Inc. has a 1 year low of $362.10 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.88 EPS. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 25.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.