Machina Capital S.A.S. Purchases Shares of 2,037 Ulta Beauty Inc (ULTA)

Machina Capital S.A.S. acquired a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,037 shares of the specialty retailer’s stock, valued at approximately $499,000.

Several other hedge funds also recently made changes to their positions in ULTA. Legacy Financial Advisors Inc. boosted its holdings in Ulta Beauty by 1,270.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 127 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Ulta Beauty by 74.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 69 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in Ulta Beauty in the fourth quarter worth $53,000. Claybrook Capital LLC acquired a new position in Ulta Beauty in the fourth quarter worth $62,000. Finally, Executive Wealth Management LLC bought a new stake in Ulta Beauty in the fourth quarter valued at $64,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

ULTA traded up $4.21 during trading on Wednesday, reaching $355.84. The company had a trading volume of 429,711 shares, compared to its average volume of 753,903. The stock has a market capitalization of $20.71 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.49 and a beta of 1.02. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. Ulta Beauty’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. Equities analysts anticipate that Ulta Beauty Inc will post 12.78 EPS for the current year.

In other Ulta Beauty news, Director Dennis K. Eck sold 10,000 shares of Ulta Beauty stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now owns 220,000 shares of the company’s stock, valued at approximately $77,622,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary N. Dillon sold 120,949 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $334.42, for a total value of $40,447,764.58. Following the transaction, the chief executive officer now directly owns 87,712 shares in the company, valued at approximately $29,332,647.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,250 shares of company stock worth $143,394,373. Company insiders own 5.60% of the company’s stock.

A number of research firms have issued reports on ULTA. Robert W. Baird reiterated an “outperform” rating and issued a $395.00 target price (up from $365.00) on shares of Ulta Beauty in a research note on Thursday, April 18th. Morgan Stanley raised their target price on Ulta Beauty from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Piper Jaffray Companies raised their target price on Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Nomura lifted their price objective on shares of Ulta Beauty from $311.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and a consensus price target of $335.30.

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About Ulta Beauty

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