Los Angeles Capital Management & Equity Research Inc. Acquires 995 Shares of Ulta Beauty Inc. (ULTA)

Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,857 shares of the specialty retailer’s stock after purchasing an additional 995 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.28% of Ulta Beauty worth $39,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC boosted its position in shares of Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 419 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $157,000. QS Investors LLC boosted its position in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares in the last quarter. Cypress Capital Group acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $218,000. Finally, QCM Cayman Ltd. acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $248,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

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In related news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Ulta Beauty from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. BMO Capital Markets reissued an “outperform” rating and set a $345.00 price target on shares of Ulta Beauty in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $330.00 price target (up from $270.00) on shares of Ulta Beauty in a report on Monday, July 31st. Cowen and Company set a $336.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a report on Monday, July 31st. Finally, CIBC reissued a “market perform” rating on shares of Ulta Beauty in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $274.11.

Ulta Beauty Inc. (NASDAQ ULTA) traded down $2.73 during midday trading on Tuesday, reaching $198.03. 861,700 shares of the company’s stock traded hands, compared to its average volume of 967,116. Ulta Beauty Inc. has a 1 year low of $187.96 and a 1 year high of $314.86. The company has a market capitalization of $12,332.81, a price-to-earnings ratio of 27.20, a P/E/G ratio of 1.24 and a beta of 0.51.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. analysts forecast that Ulta Beauty Inc. will post 8.36 earnings per share for the current fiscal year.

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

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