VELA Investment Management LLC Makes New $638,000 Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

VELA Investment Management LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,596 shares of the specialty retailer’s stock, valued at approximately $638,000.

A number of other hedge funds have also modified their holdings of ULTA. WealthPlan Investment Management LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $26,000. Coppell Advisory Solutions LLC bought a new position in Ulta Beauty in the 2nd quarter valued at $26,000. Parkside Financial Bank & Trust raised its position in Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Ancora Advisors LLC acquired a new position in Ulta Beauty in the first quarter worth $31,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Ulta Beauty during the first quarter worth $31,000. 92.30% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.1 %

ULTA stock opened at $508.74 on Wednesday. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $556.60. The firm has a market cap of $24.70 billion, a PE ratio of 20.64, a P/E/G ratio of 2.23 and a beta of 1.34. The business’s 50-day moving average price is $474.17 and its two-hundred day moving average price is $434.82.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.96 by $0.11. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Ulta Beauty had a return on equity of 61.42% and a net margin of 11.37%. Ulta Beauty’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.34 EPS. On average, analysts forecast that Ulta Beauty, Inc. will post 25.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Ulta Beauty from $526.00 to $505.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 29th. Robert W. Baird increased their price target on shares of Ulta Beauty from $550.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Argus raised their price target on shares of Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Citigroup upped their price objective on Ulta Beauty from $440.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. Finally, StockNews.com began coverage on Ulta Beauty in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $528.95.

Get Our Latest Research Report on Ulta Beauty

Insider Transactions at Ulta Beauty

In related news, Director Lorna Nagler sold 500 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total value of $244,090.00. Following the sale, the director now directly owns 6,529 shares of the company’s stock, valued at approximately $3,187,327.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jodi J. Caro sold 1,804 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $490.02, for a total transaction of $883,996.08. Following the completion of the transaction, the insider now owns 5,590 shares in the company, valued at $2,739,211.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorna Nagler sold 500 shares of Ulta Beauty stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $488.18, for a total transaction of $244,090.00. Following the completion of the sale, the director now owns 6,529 shares in the company, valued at $3,187,327.22. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Ulta Beauty Company Profile

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

See Also

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.