Mackenzie Financial Corp Buys 934 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mackenzie Financial Corp increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 34.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,668 shares of the specialty retailer’s stock after acquiring an additional 934 shares during the period. Mackenzie Financial Corp’s holdings in Ulta Beauty were worth $1,324,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. MUFG Americas Holdings Corp raised its holdings in Ulta Beauty by 536.4% during the third quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Lumature Wealth Partners LLC bought a new stake in Ulta Beauty during the third quarter worth about $29,000. BDO Wealth Advisors LLC raised its holdings in Ulta Beauty by 142.9% during the second quarter. BDO Wealth Advisors LLC now owns 102 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 60 shares in the last quarter. Herold Advisors Inc. bought a new stake in Ulta Beauty during the third quarter worth about $36,000. Finally, Sargent Bickham Lagudis LLC raised its holdings in Ulta Beauty by 625.0% during the third quarter. Sargent Bickham Lagudis LLC now owns 116 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

In other Ulta Beauty news, Director Mary N. Dillon sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 8th. The stock was sold at an average price of $410.61, for a total value of $20,530,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kecia Steelman sold 5,182 shares of the firm’s stock in a transaction on Wednesday, December 8th. The shares were sold at an average price of $408.30, for a total value of $2,115,810.60. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

ULTA has been the topic of several research analyst reports. Cleveland Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating in a research note on Friday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Ulta Beauty from $483.00 to $506.00 and gave the company a “buy” rating in a research note on Friday, December 3rd. Morgan Stanley dropped their price objective on Ulta Beauty from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 21st. Evercore ISI upped their price objective on Ulta Beauty from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, December 3rd. Finally, Wells Fargo & Company restated a “hold” rating and issued a $424.00 price objective on shares of Ulta Beauty in a research note on Friday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $449.43.

Shares of NASDAQ:ULTA opened at $374.48 on Friday. The company has a market capitalization of $20.27 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.36 and a beta of 1.66. Ulta Beauty, Inc. has a 1 year low of $276.00 and a 1 year high of $422.43. The business’s 50 day simple moving average is $395.73 and its 200 day simple moving average is $375.98.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 2nd. The specialty retailer reported $3.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.51 by $1.43. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ulta Beauty had a return on equity of 46.16% and a net margin of 10.72%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 earnings per share. Sell-side analysts predict that Ulta Beauty, Inc. will post 17.15 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

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

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