Traders Buy Ulta Beauty (ULTA) on Weakness

Traders purchased shares of Ulta Beauty Inc (NASDAQ:ULTA) on weakness during trading hours on Thursday. $35.93 million flowed into the stock on the tick-up and $23.91 million flowed out of the stock on the tick-down, for a money net flow of $12.02 million into the stock. Of all companies tracked, Ulta Beauty had the 32nd highest net in-flow for the day. Ulta Beauty traded down ($0.32) for the day and closed at $225.33

Several brokerages recently issued reports on ULTA. Robert W. Baird set a $295.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, October 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $260.00 price objective on shares of Ulta Beauty in a research report on Sunday, October 1st. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. KeyCorp reiterated a “buy” rating and issued a $270.00 price objective (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Finally, Oppenheimer reiterated a “hold” rating on shares of Ulta Beauty in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty presently has an average rating of “Buy” and an average target price of $257.39.

The firm has a market capitalization of $13,762.93, a P/E ratio of 28.60, a PEG ratio of 1.39 and a beta of 0.55.

In related news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were bought at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ULTA. Sun Life Financial INC increased its holdings in shares of Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $157,000. QS Investors LLC increased its holdings in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the last quarter. Cypress Capital Group acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $218,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $248,000. Institutional investors own 88.69% of the company’s stock.

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About Ulta Beauty

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.

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