NEOS Investment Management LLC Invests $342,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

NEOS Investment Management LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 697 shares of the specialty retailer’s stock, valued at approximately $342,000.

Several other hedge funds have also modified their holdings of ULTA. Morgan Stanley boosted its stake in shares of Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after acquiring an additional 556,809 shares in the last quarter. Norges Bank purchased a new position in Ulta Beauty in the 4th quarter valued at about $263,192,000. International Assets Investment Management LLC lifted its stake in Ulta Beauty by 45,740.3% in the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock valued at $142,854,000 after buying an additional 290,908 shares in the last quarter. TD Asset Management Inc lifted its stake in Ulta Beauty by 177.8% in the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock valued at $199,596,000 after buying an additional 260,740 shares in the last quarter. Finally, Varenne Capital Partners purchased a new position in Ulta Beauty in the 4th quarter valued at about $55,767,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.6 %

Shares of ULTA stock opened at $387.16 on Thursday. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76. The stock has a market capitalization of $18.48 billion, a PE ratio of 15.10, a P/E/G ratio of 1.69 and a beta of 1.36. The firm has a 50 day moving average of $416.98 and a two-hundred day moving average of $470.16.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the firm earned $6.88 earnings per share. Ulta Beauty’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Ulta Beauty, Inc. will post 25.76 EPS for the current fiscal year.

Ulta Beauty declared that its board has initiated a share buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the transaction, the insider now directly owns 2,705 shares in the company, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock worth $12,920,326 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. DA Davidson reaffirmed a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. UBS Group raised their price target on shares of Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Robert W. Baird cut their price objective on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $507.30.

Check Out Our Latest Research Report on Ulta Beauty

Ulta Beauty Company Profile

(Free Report)

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.

Read More

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

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

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.