Campbell & CO Investment Adviser LLC Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 796 shares of the specialty retailer’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Ulta Beauty by 347.3% during the fourth quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock worth $35,061,000 after purchasing an additional 55,508 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $1,810,000. Illinois Municipal Retirement Fund raised its stake in shares of Ulta Beauty by 6.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock valued at $13,248,000 after acquiring an additional 1,662 shares during the last quarter. Warther Private Wealth LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $6,023,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Ulta Beauty by 3.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,188 shares of the specialty retailer’s stock valued at $582,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.0 %

Shares of ULTA stock opened at $382.50 on Tuesday. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The firm has a fifty day moving average of $408.48 and a 200-day moving average of $470.10.

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

Ulta Beauty announced that its Board of Directors has approved a stock repurchase program on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the completion of the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the completion of the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the transaction, the director now directly owns 1,665 shares of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,552 shares of company stock valued at $12,920,326. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Friday, May 31st. TD Cowen cut their target price on shares of Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Barclays cut shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $612.00 to $434.00 in a research report on Monday, April 29th. Finally, Jefferies Financial Group dropped their price objective on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $507.30.

Check Out Our Latest Report on ULTA

Ulta Beauty 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.

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

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