Ladenburg Thalmann Financial Services Inc. Buys 459 Shares of Ulta Beauty Inc (ULTA)

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Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,160 shares of the specialty retailer’s stock after buying an additional 459 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Ulta Beauty were worth $2,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HS Management Partners LLC lifted its stake in shares of Ulta Beauty by 208.7% in the 4th quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock valued at $156,420,000 after purchasing an additional 472,850 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Ulta Beauty by 1,094.2% in the 4th quarter. Millennium Management LLC now owns 362,115 shares of the specialty retailer’s stock valued at $80,991,000 after purchasing an additional 331,792 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Ulta Beauty by 111.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock valued at $132,385,000 after purchasing an additional 311,725 shares during the last quarter. Two Creeks Capital Management LP acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $64,358,000. Finally, Champlain Investment Partners LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $57,681,000. 90.07% of the stock is currently owned by institutional investors.

In other news, Director Catherine Ann Halligan sold 400 shares of the stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $252.44, for a total value of $100,976.00. Following the transaction, the director now owns 3,188 shares in the company, valued at approximately $804,778.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary N. Dillon sold 16,286 shares of the stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $206.99, for a total value of $3,371,039.14. Following the completion of the transaction, the chief executive officer now owns 100,984 shares in the company, valued at approximately $20,902,678.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,218 shares of company stock worth $28,152,651. 5.60% of the stock is owned by company insiders.

Several research firms recently issued reports on ULTA. Vetr upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $221.95 price objective on the stock in a report on Thursday, March 15th. Morgan Stanley reiterated a “buy” rating on shares of Ulta Beauty in a report on Wednesday, March 7th. Buckingham Research set a $270.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Monday, March 12th. Loop Capital set a $250.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Friday, March 16th. Finally, KeyCorp set a $270.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Friday, March 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and a consensus target price of $264.96.

Shares of Ulta Beauty opened at $249.76 on Friday, according to MarketBeat Ratings. Ulta Beauty Inc has a 1-year low of $187.96 and a 1-year high of $291.56. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 1.24 and a beta of 0.62.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.22. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $1.91 EPS. Ulta Beauty’s revenue was up 17.4% on a year-over-year basis. equities analysts expect that Ulta Beauty Inc will post 10.84 earnings per share for the current year.

Ulta Beauty declared that its board has approved a share repurchase plan on Thursday, March 15th that allows the company to repurchase $625.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

About Ulta Beauty

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