Stevens Capital Management LP Buys New Position in Ulta Beauty Inc. (ULTA)

Stevens Capital Management LP purchased a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,164 shares of the specialty retailer’s stock, valued at approximately $8,093,000.

A number of other institutional investors have also recently bought and sold shares of ULTA. US Bancorp DE boosted its stake in shares of Ulta Beauty by 31.0% in the first quarter. US Bancorp DE now owns 2,542 shares of the specialty retailer’s stock worth $726,000 after buying an additional 602 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Ulta Beauty by 18.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 165,284 shares of the specialty retailer’s stock worth $47,144,000 after purchasing an additional 26,119 shares during the period. Karp Capital Management Corp acquired a new position in Ulta Beauty in the 1st quarter worth about $4,944,000. NEXT Financial Group Inc raised its holdings in Ulta Beauty by 18.0% in the 1st quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 86 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in shares of Ulta Beauty by 2.3% during the first quarter. State of Tennessee Treasury Department now owns 30,988 shares of the specialty retailer’s stock valued at $8,838,000 after acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

In other news, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,296,894.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

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Shares of Ulta Beauty Inc. (NASDAQ:ULTA) traded down 0.26% during midday trading on Friday, hitting $219.17. The stock had a trading volume of 767,675 shares. The company has a market cap of $13.46 billion, a P/E ratio of 29.18 and a beta of 0.57. The firm has a 50 day moving average of $233.76 and a 200-day moving average of $271.14. Ulta Beauty Inc. has a one year low of $204.01 and a one year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $1.43 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

ULTA has been the subject of a number of research analyst reports. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $325.00 price target (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, June 6th. Morgan Stanley lowered their price objective on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research report on Monday, August 28th. Deutsche Bank AG set a $300.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Sunday, May 28th. Finally, Guggenheim assumed coverage on Ulta Beauty in a research report on Tuesday, June 13th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $281.63.

Ulta Beauty Profile

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.

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

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