Tower Research Capital LLC TRC Takes $744,000 Position in Ulta Beauty Inc (ULTA)

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Tower Research Capital LLC TRC purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,187 shares of the specialty retailer’s stock, valued at approximately $744,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Ulta Beauty by 2.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,981 shares of the specialty retailer’s stock valued at $40,442,000 after purchasing an additional 3,987 shares during the period. Aperio Group LLC increased its position in shares of Ulta Beauty by 8.1% during the first quarter. Aperio Group LLC now owns 21,031 shares of the specialty retailer’s stock valued at $4,296,000 after purchasing an additional 1,578 shares during the period. US Bancorp DE increased its position in shares of Ulta Beauty by 8.3% during the first quarter. US Bancorp DE now owns 5,899 shares of the specialty retailer’s stock valued at $1,205,000 after purchasing an additional 450 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Ulta Beauty by 50.7% during the first quarter. Envestnet Asset Management Inc. now owns 14,646 shares of the specialty retailer’s stock valued at $3,101,000 after purchasing an additional 4,927 shares during the period. Finally, BlackRock Inc. increased its position in shares of Ulta Beauty by 3.9% during the first quarter. BlackRock Inc. now owns 5,358,580 shares of the specialty retailer’s stock valued at $1,094,597,000 after purchasing an additional 198,890 shares during the period. 90.71% of the stock is currently owned by institutional investors.

Ulta Beauty stock traded up $8.07 on Friday, reaching $275.64. The company’s stock had a trading volume of 1,026,523 shares, compared to its average volume of 1,077,717. The firm has a market cap of $16.86 billion, a P/E ratio of 33.78, a P/E/G ratio of 1.40 and a beta of 0.64. Ulta Beauty Inc has a twelve month low of $187.96 and a twelve month high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.05. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. As a group, equities analysts forecast that Ulta Beauty Inc will post 10.84 EPS for the current year.

In other news, Director Dennis K. Eck sold 35,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the transaction, the director now owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis K. Eck sold 31,278 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total value of $8,941,754.64. Following the transaction, the director now directly owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last three months, insiders sold 68,407 shares of company stock worth $19,580,698. Insiders own 5.60% of the company’s stock.

A number of analysts have recently issued reports on ULTA shares. Atlantic Securities started coverage on Ulta Beauty in a research report on Tuesday, June 19th. They set an “overweight” rating and a $303.00 price objective on the stock. ValuEngine cut Ulta Beauty from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. BidaskClub cut Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $286.00 price target on the stock in a research note on Tuesday, July 17th. Finally, Jefferies Financial Group set a $285.00 price target on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Ulta Beauty presently has a consensus rating of “Buy” and a consensus target price of $268.50.

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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