Golub Group LLC Purchases Shares of 100,635 Ulta Beauty Inc (NASDAQ:ULTA)

Golub Group LLC purchased a new stake in Ulta Beauty Inc (NASDAQ:ULTA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 100,635 shares of the specialty retailer’s stock, valued at approximately $25,224,000. Ulta Beauty makes up 2.0% of Golub Group LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds have also modified their holdings of the company. Fishman Jay A Ltd. MI purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth $1,732,000. Unigestion Holding SA purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth $246,000. Daiwa Securities Group Inc. lifted its position in shares of Ulta Beauty by 6.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,415 shares of the specialty retailer’s stock worth $605,000 after purchasing an additional 145 shares during the last quarter. Provident Trust Co. acquired a new stake in Ulta Beauty during the 3rd quarter worth $351,000. Finally, Fulcrum Capital LLC acquired a new stake in Ulta Beauty during the 3rd quarter worth $446,000. 87.39% of the stock is owned by institutional investors.

Several equities research analysts recently commented on ULTA shares. Stifel Nicolaus cut their price target on shares of Ulta Beauty from $315.00 to $250.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Co lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $350.00 to $235.00 in a research note on Friday, August 30th. Cowen cut their price target on shares of Ulta Beauty from $313.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Wolfe Research started coverage on shares of Ulta Beauty in a research note on Tuesday, October 8th. They set a “buy” rating and a $288.00 price target on the stock. Finally, Goldman Sachs Group started coverage on shares of Ulta Beauty in a research note on Thursday, October 3rd. They set a “neutral” rating and a $276.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $290.95.

NASDAQ ULTA traded down $4.48 during trading on Friday, reaching $239.29. The company’s stock had a trading volume of 852,400 shares, compared to its average volume of 1,059,228. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.80. Ulta Beauty Inc has a twelve month low of $224.43 and a twelve month high of $368.83. The business’s fifty day moving average price is $242.23 and its 200-day moving average price is $307.03. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.24 and a beta of 1.13.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.03). Ulta Beauty had a return on equity of 37.04% and a net margin of 9.86%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business earned $2.46 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty Inc will post 11.81 EPS for the current fiscal year.

In related news, Director Charles Heilbronn bought 70,009 shares of the stock in a transaction on Monday, September 30th. The shares were purchased at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the purchase, the director now owns 60,368 shares in the company, valued at $15,011,106.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary N. Dillon bought 1,300 shares of the stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the purchase, the chief executive officer now owns 79,256 shares in the company, valued at approximately $18,797,145.52. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 186,567 shares of company stock worth $44,964,903. 4.20% of the stock is owned by corporate insiders.

Ulta Beauty Profile

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