Stratos Wealth Partners LTD. Takes $151,000 Position in Ulta Beauty Inc (ULTA)

Stratos Wealth Partners LTD. acquired a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 535 shares of the specialty retailer’s stock, valued at approximately $151,000.

A number of other hedge funds also recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN increased its position in Ulta Beauty by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 743,233 shares of the specialty retailer’s stock valued at $173,515,000 after acquiring an additional 29,590 shares during the period. IFP Advisors Inc increased its position in Ulta Beauty by 13.6% in the 2nd quarter. IFP Advisors Inc now owns 3,155 shares of the specialty retailer’s stock valued at $737,000 after acquiring an additional 377 shares during the period. Capital One National Association acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $205,000. Daiwa SB Investments Ltd. increased its position in Ulta Beauty by 9.2% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock valued at $1,069,000 after acquiring an additional 320 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Ulta Beauty by 1.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,660 shares of the specialty retailer’s stock valued at $4,980,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 90.96% of the company’s stock.

NASDAQ:ULTA opened at $311.81 on Friday. Ulta Beauty Inc has a 52 week low of $191.70 and a 52 week high of $321.73. The firm has a market capitalization of $18.47 billion, a PE ratio of 38.21, a PEG ratio of 1.55 and a beta of 0.60.



Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, sell-side analysts anticipate that Ulta Beauty Inc will post 10.85 earnings per share for the current year.

In other news, Director Dennis K. Eck sold 35,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the sale, the director now directly owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis K. Eck sold 31,278 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the completion of the sale, the director now directly owns 334,778 shares in the company, valued at $95,706,334.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,407 shares of company stock worth $19,580,698. Insiders own 5.60% of the company’s stock.

Several equities analysts have issued reports on ULTA shares. Deutsche Bank set a $263.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, November 2nd. BidaskClub upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Morgan Stanley upped their price target on shares of Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Finally, Piper Jaffray Companies set a $312.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Ulta Beauty has a consensus rating of “Buy” and an average target price of $280.92.

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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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