Century Capital Management LLC lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 73.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,089 shares of the specialty retailer’s stock after selling 8,484 shares during the period. Century Capital Management LLC’s holdings in Ulta Beauty were worth $881,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new position in Ulta Beauty during the first quarter worth $120,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Ulta Beauty during the fourth quarter worth $112,000. Sunbelt Securities Inc. bought a new position in Ulta Beauty during the fourth quarter worth $134,000. Advantage Investment Management LLC bought a new position in Ulta Beauty during the fourth quarter worth $144,000. Finally, NEXT Financial Group Inc boosted its position in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the last quarter. 86.17% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Inc. (NASDAQ ULTA) traded down 1.40% on Friday, reaching $295.94. 802,111 shares of the company’s stock were exchanged. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 41.56 and a beta of 0.58. The stock’s 50 day moving average price is $298.04 and its 200 day moving average price is $278.14. Ulta Beauty Inc. has a 1-year low of $225.13 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. On average, analysts expect that Ulta Beauty Inc. will post $8.32 earnings per share for the current year.
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A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $315.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Saturday, March 11th. Piper Jaffray Companies set a $333.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, May 27th. Royal Bank of Canada set a $285.00 price target on shares of Ulta Beauty and gave the company a “sector perform” rating in a research report on Saturday, March 11th. Guggenheim started coverage on shares of Ulta Beauty in a research report on Tuesday. They issued a “neutral” rating for the company. Finally, BMO Capital Markets set a $345.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Saturday, May 27th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $323.78.
In other news, insider David C. Kimbell sold 14,335 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $284.99, for a total value of $4,085,331.65. Following the completion of the transaction, the insider now directly owns 16,731 shares in the company, valued at approximately $4,768,167.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis K. Eck sold 6,400 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $281.52, for a total value of $1,801,728.00. Following the sale, the director now owns 472,029 shares of the company’s stock, valued at $132,885,604.08. The disclosure for this sale can be found here. Insiders sold a total of 96,867 shares of company stock worth $28,109,430 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.
Ulta Beauty Company Profile
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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