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HBK Investments L P Acquires New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

HBK Investments L P acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 935 shares of the specialty retailer’s stock, valued at approximately $372,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Power Corp of Canada bought a new position in shares of Ulta Beauty during the first quarter valued at approximately $986,000. Candlestick Capital Management LP grew its holdings in shares of Ulta Beauty by 596.7% during the first quarter. Candlestick Capital Management LP now owns 153,632 shares of the specialty retailer’s stock valued at $61,179,000 after purchasing an additional 131,581 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of Ulta Beauty by 3,548.9% during the first quarter. Maverick Capital Ltd. now owns 9,560 shares of the specialty retailer’s stock valued at $3,807,000 after purchasing an additional 9,298 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Ulta Beauty by 43.1% during the first quarter. Wellington Management Group LLP now owns 2,276,111 shares of the specialty retailer’s stock valued at $906,392,000 after purchasing an additional 685,026 shares during the last quarter. Finally, Echo Street Capital Management LLC grew its holdings in shares of Ulta Beauty by 38.9% during the first quarter. Echo Street Capital Management LLC now owns 1,386 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 388 shares during the last quarter. 89.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the sale, the insider now directly owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the sale, the director now directly owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total transaction of $261,674.82. Following the completion of the transaction, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $446.14 on Tuesday. The stock has a market capitalization of $22.85 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.74 and a beta of 1.39. Ulta Beauty, Inc. has a 1 year low of $330.80 and a 1 year high of $451.30. The business’s fifty day moving average is $401.57 and its two-hundred day moving average is $396.18.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.70. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the business earned $4.56 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty, Inc. will post 21.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ULTA. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. William Blair started coverage on Ulta Beauty in a research report on Friday, August 26th. They set an “outperform” rating for the company. Telsey Advisory Group boosted their price objective on Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. StockNews.com upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 5th. Finally, Credit Suisse Group boosted their price objective on Ulta Beauty from $455.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $478.70.

About Ulta Beauty

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

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Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating).

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