Susquehanna Fundamental Investments LLC Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Susquehanna Fundamental Investments LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 49,593 shares of the specialty retailer’s stock, valued at approximately $19,136,000.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the period. Vima LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in shares of Ulta Beauty during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC boosted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ULTA. Stifel Nicolaus lowered their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. TD Cowen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price objective for the company. in a research report on Monday, September 23rd. Loop Capital lowered their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. UBS Group decreased their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, B. Riley assumed coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average target price of $425.29.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $404.01 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $19.04 billion, a P/E ratio of 15.76, a PEG ratio of 2.30 and a beta of 1.31. The company’s fifty day moving average is $368.14 and its two-hundred day moving average is $404.91.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $6.02 EPS. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

About Ulta Beauty

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.