Gateway Investment Advisers LLC Decreases Stock Position in Ulta Beauty Inc (NASDAQ:ULTA)

Gateway Investment Advisers LLC lowered its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 65.3% during the 3rd quarter, Holdings Channel reports. The firm owned 862 shares of the specialty retailer’s stock after selling 1,620 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ulta Beauty were worth $216,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth $26,000. Commonwealth Bank of Australia lifted its stake in Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Next Capital Management LLC lifted its stake in Ulta Beauty by 206.7% in the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 87.76% of the company’s stock.

Several brokerages have recently issued reports on ULTA. JPMorgan Chase & Co. cut shares of Ulta Beauty to a “buy” rating and decreased their target price for the company from $395.00 to $317.00 in a research report on Friday, August 30th. ValuEngine upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Oppenheimer decreased their target price on shares of Ulta Beauty from $390.00 to $310.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. William Blair cut shares of Ulta Beauty to a “buy” rating in a research report on Friday, August 30th. Finally, Loop Capital set a $270.00 target price on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $297.23.

In other news, CEO Mary N. Dillon purchased 1,300 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the acquisition, the chief executive officer now owns 79,256 shares of the company’s stock, valued at approximately $18,797,145.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Heilbronn purchased 115,258 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the acquisition, the director now directly owns 60,368 shares in the company, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 186,567 shares of company stock worth $44,964,903 over the last quarter. 4.20% of the stock is currently owned by insiders.

Shares of NASDAQ:ULTA opened at $239.92 on Monday. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.25 and a beta of 1.15. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $368.83. The firm’s 50-day moving average is $241.32 and its 200 day moving average is $318.74. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, equities analysts forecast that Ulta Beauty Inc will post 11.81 EPS for the current fiscal year.

Ulta Beauty Company Profile

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